Vale SA (ADR) (NYSE:VALE) stock gained by 2.33%


Dallas, Texas 08/26/2013 (Financialstrend) – Shares of Vale SA (ADR) (NYSE:VALE) had recently been presenting significant gain in prices after the stock had plunged to its bottom at $12.39 per share by the break of August 2013. However it could be observed that the American Depository Receipts of the company had effectively recovered from this plunge to present marginal profits to the traders. It is further worth noting that the trading volume of the stock had also been considerably large during this period to ascertain the investor confidence in the ADRs.

Vale SA (ADR) (NYSE:VALE) is primarily involved in the mining and production of metals and minerals with operations based in Brazil. The operations of the company are divided into four major segments such as the Bulk material segment, Basic metals segment, Fertilizers segment and Logistic services segment. Further, the company had also been actively involved in the joint ventures and associations in other businesses through major investments. The company has its presence in more than 38 countries, which further includes the mining operations being carried out in around 21 countries.

Vale SA (ADR) (NYSE:VALE) had been presenting increase in prices by 2.33% on Friday to close the week at $15.37 per share. The stock had been observed to present intraday price movements in the range of $15.12 to $15.42 per share on Friday and had further attracted around 15.68 million trades on the last day of the week. However, the average level of trading volume for the stock had been reported to be at 18.41 million shares per day. It is recorded that the stock’s 52 week lowest price is at $12.39 and 52 week highest price is at $21.88 per share. The company’s total outstanding shares in the market are at 5.15 billion to record market cap at $79.21 billion and institutional holdings are at 8%.