Local shares look set to end the week on a low note with the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) trading another 0.8% lower today, after shedding some of its gains on Thursday as well. However, these four shares are performing worse than the broader market so far…
Prophecy International Group Limited (ASX: PRO) shares are trading 3.5% lower today at $1.12. Worse yet, the shares are down 23.3% since Wednesday last week after the company issued a trading update. Although it appears as though the issue could be short-term in nature, it seems investors are still trying to decide how much Prophecy's shares are actually worth right now.
Newcrest Mining Limited (ASX: NCM) shares have retreated 2.4% to $20.86, although they still remain well and truly in the black for the year so far. Indeed, the gold price has rocketed in the early months of 2016, but did fall marginally overnight which could be weighing on Newcrest's share price.
BHP Billiton Limited (ASX: BHP) shares have fallen 2.6% and look set to end the week around the $18 mark, after soaring above $21 just over three weeks ago. Today's losses could be the result of Chinese iron ore futures dropping, with expectations mounting that the commodity's price will drop significantly in the second-half of 2016.
1-Page Ltd (ASX: 1PG) shares have dropped 6.3% to just 75 cents today. They did trade as high as $5.69 in September last year, but investors are growing increasingly anxious about the company's low revenues and cash flows, and how long it will take for the business to become profitable (assuming that it ever does).