Almaden Minerals (TSE:AMM) Share Price Passes Below Two Hundred Day Moving Average of $0.81
Almaden Minerals Ltd. (TSE:AMM) (NYSEMKT:AAU)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.81 and traded as low as $0.69. Almaden Minerals shares last traded at $0.70, with a volume of 9,000 shares traded.
Separately, Mackie restated a “speculative buy” rating and issued a C$1.30 target price on shares of Almaden Minerals in a report on Tuesday, November 19th.
The company has a current ratio of 3.82, a quick ratio of 1.44 and a debt-to-equity ratio of 4.05. The business has a fifty day simple moving average of C$0.71 and a 200 day simple moving average of C$0.82. The stock has a market capitalization of $78.21 million and a P/E ratio of -22.26.
Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.
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