Golden Minerals (TSE:AUMN – Get Free Report) shares dropped 12% during mid-day trading on Friday . The stock traded as low as C$0.44 and last traded at C$0.44. Approximately 23,035 shares changed hands during trading, a decline of 48% from the average daily volume of 44,393 shares. The stock had previously closed at C$0.50.
Golden Minerals Stock Down 26.0 %
The firm has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.28. The stock has a market capitalization of C$3.36 million, a P/E ratio of -0.47 and a beta of 0.28. The company has a quick ratio of 1.67, a current ratio of 0.56 and a debt-to-equity ratio of -2.73.
About Golden Minerals
Golden Minerals is a Colorado-based gold-silver producer with one mine in production and a pipeline of precious metals exploration and development projects in Mexico Argentina and Nevada. The company has 43-101-defined resources totaling over 80M M&I AgEq oz plus over 40M Inferred AgEq oz. The company seeks to achieve long-term sustainable profitable gold-silver production; first via the Rodeo mine which started gold-silver production in January 2021 and longer term via the high-grade gold-silver Velardea Properties which could restart production in late 2021 or 2022 subject to board approval and completion of further testing.
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