Almaden Minerals (TSE:AMM) Sets New 1-Year High – Should You Buy?

Almaden Minerals Ltd. (TSE:AMM) (NYSEMKT:AAU) hit a new 52-week high on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 245150 shares. The stock had previously closed at C$0.21.

Almaden Minerals Stock Performance

The stock’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.10. The company has a debt-to-equity ratio of 137.04, a quick ratio of 23.78 and a current ratio of 8.68. The company has a market capitalization of C$23.80 million, a PE ratio of -0.37 and a beta of 1.11.

Almaden Minerals Company Profile

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.