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Stock futures edged higher in the early trading hours of Friday, signaling a positive conclusion to 2023.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
Gold Fields (NYSE:GFI) shares rebounded by 4% after experiencing a 10.7% decline on Thursday, which was attributed to the miner revising its 2024 production forecast for the Salares Norte project in Chile. The anticipated commencement of the first gold production was delayed by four months to April due to recent challenges in the pre-commissioning process, including necessary rework on critical safety aspects. Gold Fields adjusted the FY 2024 production volume estimate for Salares Norte to 220K–250K gold equivalent ounces, down from the initial guidance of 400K–430K ounces, citing difficulties with the cyanide circuit and other reagent circuits, as well as personnel availability issues with the primary contractor.
Mullen Automotive (NASDAQ:MULN) maintains its positive momentum, with a 5% rise in premarket hours on Friday, adding to the 28% gain from Thursday’s trading, following the delivery of 50 Mullen ONE electric cargo vans to Randy Marion Automotive Group for $1.68M. In the next five business days, Randy Marion is expected to receive a total of 285 Mullen ONE vans as part of their order for 6K vehicles. The Mullen ONE, renowned for its 110-mile range on a single charge, ~1.7K pounds capacity, and 157-cubic-foot cargo volume, continues to bolster Mullen’s optimistic outlook. The company anticipates invoicing over $6M for vehicles by the end of fiscal 2024 Q1 on December 31.
