RUSAL shares cheaper than ever

UC RUSAL’s stock quotation started dropping about a month ago and has by now reached its lowest-ever level. On May 19, 2010, the company’s shares cost nearly 30% less than they did during the initial offering in January 2010, Kommersant reports.

According to the newspaper, UC RUSAL lost another 2.7% in capitalization at the close of business at Hong Kong Stock Exchange, so the total figure came to $14.8bn. This was 29.7% lower than the initial offering price quoted on January 24, 2010. The company was estimated at $21bn at the time. RUSAL’s share listings dropped lowest on February 18, 2010 when they decreased by 31.8% against the IPO prices.

Now UC RUSAL’s share price has been changing in correspondence with the aluminum prices fluctuations. For one, the enterprise’s post-IPO market capitalization was recorded on April 16, 2010 when it increased up to $19.12bn. Since that day, the company has grown 22.6% cheaper, says Kommersant.

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