Golden Minerals (TSE:AUMN) Trading Down 8.7% – Should You Sell?

Shares of Golden Minerals (TSE:AUMN) fell 8.7% on Friday . The company traded as low as C$0.21 and last traded at C$0.21. 18,773 shares were traded during mid-day trading, a decline of 54% from the average session volume of 41,088 shares. The stock had previously closed at C$0.23.

Golden Minerals Stock Performance

The company has a market cap of C$1.91 million, a price-to-earnings ratio of -0.27 and a beta of 0.28. The firm’s 50 day simple moving average is C$0.26 and its 200-day simple moving average is C$0.25. The company has a debt-to-equity ratio of -2.73, a quick ratio of 1.67 and a current ratio of 0.56.

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.