Shares of Golden Minerals (TSE:AUMN – Get Free Report) were down 16.3% during mid-day trading on Friday . The company traded as low as C$0.32 and last traded at C$0.36. Approximately 318,487 shares were traded during mid-day trading, an increase of 896% from the average daily volume of 31,976 shares. The stock had previously closed at C$0.43.
Golden Minerals Trading Down 17.4%
The company has a current ratio of 0.56, a quick ratio of 1.67 and a debt-to-equity ratio of -2.73. The stock has a 50-day simple moving average of C$0.57 and a 200 day simple moving average of C$0.37. The company has a market cap of C$5.34 million, a price-to-earnings ratio of -2.37 and a beta of -0.17.
Golden Minerals Company Profile
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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