Basic Material Losers: Petrobras Argentina (NYSE:PZE), DRDGOLD Ltd. (ADR) (NYSE:DRD), BioFuel Energy Corp. (NASDAQ:BIOF), Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), Abraxas Petroleum Corp. (NASDAQ:AXAS)

DRDGOLD Ltd. (ADR) (NYSE:DRD), produced and sold less gold in the quarter to March after experiencing metallurgical problems at its new floatation and fine grind circuit. DRDGold’s output dropped 14 percent quarter on quarter to 30 126 ounces, it said in a statement on May 14th, 2014. DRDGOLD Ltd. (ADR) (NYSE:DRD) dropped -9.87% to $2.75 yesterday on volume of 239,442 shares. The intra-day range of the stock was $2.73 – 2.95. DRDGOLD Ltd. (ADR) (NYSE:DRD) has a market capitalization of $104.24 million.

BioFuel Energy Corp. (NASDAQ:BIOF), received a letter on May 8, 2014, from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Staff believes the Company is a “public shell” and the continued listing of its securities is no longer warranted. The Staff believes that the Company no longer has an operating business and, as a result, purchasers of the Company’s securities cannot know definitely what the operating business of the Company will be in the future. BioFuel Energy Corp. (NASDAQ:BIOF)’s stock on May 15, 2014 reported a decrease of -9.64% to the closing price of $5.72. Its fifty two weeks range is $1.13 – 9.44. The total market capitalization recorded $35.92 million. The overall volume in the last trading session was 300,166 shares. In its share capital, BioFuel Energy Corp. (NASDAQ:BIOF) has 5.45 million outstanding shares.

Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a report released on Tuesday, Analyst Ratings News reports. On Thursday, shares of Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) dropped -5.02% to close the day at $7.75. Company return on investment (ROI) is -24.40% and its monthly performance is recorded as -21.80%. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) quarterly revenue growth is -21.48%.

Abraxas Petroleum Corp. (NASDAQ:AXAS)’s shares dropped 4.61% to $4.87. The company on May 8 reported financial and operating results for the three months ended March 31, 2014. Net income for the three months ended March 31, 2014 was $4.7 million, or $0.05 per share, compared to a net income of $0.6 million, or $0.01 per share, for the three months ended March 31, 2013. Adjusted net income, excluding certain non-cash items, for the three months ended March 31, 2014 was $6.3 million, or $0.07 per share, compared to an adjusted net income, excluding certain non-cash items, of $2.3 million or $0.02 per share for the three months ended March 31, 2013. Abraxas Petroleum Corp. (NASDAQ:AXAS) stock performance was -7.65% in last session and finished the day at $4.71. Traded volume was 5,993,248 shares in the last session and the average volume of the stock remained 1.90 million shares. The beta of the stock remained 2.06. Abraxas Petroleum Corp. (NASDAQ:AXAS) insider ownership is 2.70%.

“Companies that generate a meaningful amount of cash in Argentina and have a significant amount of debt denominated in US dollars are most at risk. Currency weakness also exacerbates Argentina’s already high inflation,” the report said. Among those most exposed are Argentine food producer Arcor S.A.I.C.; oil and gas producers YPF S.A., and Petrobras Argentina SA ADR (NYSE:PZE); timber producer Alto Parana S.A. and the Cablevision, S.A. media company, Moody’s said. Petrobras Argentina SA ADR (NYSE:PZE) stock performance was -5.79% in last session and finished the day at $5.53. Traded volume was 231,648 shares in the last session and the average volume of the stock remained 151.75K shares. The beta of the stock remained 1.34.