McMoRan Exploration volatility low into Dave Jones No.1 update McMoRan Exploration (MMR) overall option implied volatility of 18 is below its 26-week average of 77 according to Track Data, suggesting decreasing price movement into news the company had “limited success” in unblocking Davy Jones No.1 as Freeport (FCX) proceeds with its announced purchase of the company.
News For MMR;FCX From The Last 14 Days
Check below for free stories on MMR;FCX the last two weeks.
Freeport McMoRan cuts Grasberg mine workforce 'modestly,' WSJ reports Freeport-McMoRan has "modestly" cut the workforce at its Grasberg mine, CEO Richard Adkerson tells the Wall Street Journal. The cuts come as a tax dispute with Indonesia's government drags on. Reference Link