Hot Stocks: Marathon Oil Corporation (NYSE:MRO), Yamana Gold Inc. (USA) (NYSE:AUY)

On Tuesday, Shares of Marathon Oil Corporation (NYSE:MRO), included 0.42% and shut at $16.55 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $16.01 and $16.73. Marathon Oil Corporation operates as an energy company. It operates through three segments: North America E&P, International E&P, and Oil Sands Mining. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America. The International Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in Equatorial Guinea, Gabon, the Kurdistan Region of Iraq, Libya, and the United Kingdom; and produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta and Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.

Shares of Yamana Gold Inc. (USA) (NYSE:AUY), added 0.98% and shut at $3.10 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $3.00 and $3.12. The association’s commercial center capitalization is $2.97 Billion with the general uncommon loads of 947.60 million. YAMANA GOLD INC. (YRI.TO)(AUY) (“Yamana” or the “Company”) is happy to declare that its wholly-owned partner, Brio Gold Inc. (“Brio Gold”), has filed its final prospectus with, and obtained receipts in respect thereof from, the securities regulatory authorities in each of the provinces and territories of Canada in connection with the secondary offering (the “Offering”) of common shares in the capital of Brio Gold held by Yamana (the “Brio Shares”). The Brio Shares will be transferred to purchasers through the exercise of purchase rights (the “Purchase Rights”) that Yamana intends to distribute as a dividend in-kind to its shareholders of record (the “Yamana Shareholders”) as of 5:00 p.m. (Toronto time) on November 25, 2016 (the “Record Date”). It is presently expected that Yamana common shares (the “Yamana Shares”) will begin trading on an ex-Purchase Rights basis on the Toronto Stock Exchange (“TSX”) on November 23, 2016, two trading days before the Record Date, meaning that persons who acquire Yamana common shares on or after such date will not be entitled to receive Purchase Rights. The Yamana Shares will not be quoted ex-rights on the NYSE.

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