Economy Energy Finance Gas Natural Resources South Africa

Shares of Sasol Ltd. (NYSE:SSL) Drops by -12.67%

Sasol Ltd. (NYSE:SSL) has lost 12.67% during the past week and dropped 16.95% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 9.38%. Sasol Ltd. (NYSE:SSL) has underperformed the index by 16.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Sasol Ltd. has dropped 10.07% during the last 3-month period . Year-to-Date the stock performance stands at -24.54%.The company shares have dropped 41.3% in the past 52 Weeks. On November 21, 2014 The shares registered one year high of $49.13 and one year low was seen on September 29, 2015 at $26.81. The 50-day moving average is $31.15 and the 200 day moving average is recorded at $33.47. S&P 500 has rallied 0.9% during the last 52-weeks.

Sasol Ltd. (NYSE:SSL) witnessed a decline in the market cap on Friday as its shares dropped 3.79% or 1.08 points. After the session commenced at $27.7, the stock reached the higher end at $27.76 while it hit a low of $27.0538. With the volume soaring to 653,495 shares, the last trade was called at $27.44. The company has a 52-week high of $49.13. The company has a market cap of $17,944 million and there are 653,933,280 shares in outstanding. The 52-week low of the share price is $26.81.

Currently the company Insiders own 1% of Sasol Ltd. shares according to the proxy statements. Institutional Investors own 5.17% of Sasol Ltd. shares.

Sasol Limited (Sasol) is an integrated energy and chemicals company. Sasol mines coal in South Africa and produce natural gas and condensate in Mozambique, oil in Gabon and shale gas in Canada. In South Africa it refines imported crude oil and retail liquid fuels. It has chemical manufacturing and marketing operations in South Africa, Europe, the Middle East, Asia and the Americas. It operates in four segments: South African energy cluster, International Energy Cluster, Chemical Cluster and Other businesses. Effective March 31, 2013, Sasol Olefins & Surfactants sold G.D. Portbury Ltd. On 16 August 2013, Sasol Investment Company (Pty) Limited, a wholly owned subsidiary of Sasol, entered into a definitive sale and share purchase agreement pursuant to which Main Street 1095 (Pty) Limited, completed the acquisition of 100% of the interest of SPI International (Pty) Limited (SPII). SPII is the indirect owner of a 50% interest in the Iranian joint venture, Arya Sasol Polymer Company.

Source: American Trade Journal

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: