The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Mirabela Nickel Ltd. (MBN) fell 13 percent to A$1.055, its biggest loss in almost three years, after Deutsche Bank AG and JPMorgan Chase & Co. analysts cut their stock ratings for the Brazil-focused miner. Volume in the stock was nearly five times its three-month average.
Newcrest Mining Ltd. (NCM) , the world’s fourth-largest gold miner by market capitalization, climbed 2 percent to A$32.84 after it said in a second-quarter production report that an expected listing on the Toronto Stock Exchange would be completed by the end of March.
PanAust Ltd. (PNA AU) slid 3.5 percent to A$3.60 on nearly double its average volumes after the Laos-focused copper and gold miner forecast that 2012 earnings before interest, tax, depreciation and amortization would be between $340 million and $400 million.
Billabong International Ltd. (BBG AU) fell by the most in a month, dropping 6.1 percent to A$1.865. The world’s second- largest surf wear maker gave most of the ground it made up with a 6.4 percent increase yesterday.
Oil Search Ltd. (OSH) climbed 2.7 percent to a five- month high of A$6.84 after the company, which partners with Exxon Mobil Corp. on a $15.7 billion natural gas project in Papua New Guinea, said fourth-quarter sales rose 22 percent on higher crude prices.
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