Golden Minerals (NYSE:AUMN) Shares Down 3.3% – Here’s Why

Golden Minerals (NYSE:AUMNGet Free Report) shares fell 3.3% during mid-day trading on Thursday . The stock traded as low as $0.2136 and last traded at $0.2136. 1,673 shares traded hands during trading, a decline of 95% from the average daily volume of 35,442 shares. The stock had previously closed at $0.2210.

Golden Minerals Price Performance

The firm has a market cap of $3.24 million, a PE ratio of -0.41 and a beta of -0.77. The company’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.22.

About Golden Minerals

(Get Free Report)

Golden Minerals Company is a U.S.-based precious metals mining and exploration company focused on the acquisition, development and production of silver and gold properties in Mexico. The company’s core asset is the Velardeña Properties in Durango State, where it operates both flotation and cyanidation circuits to produce silver-lead-zinc concentrates and doré bars. In addition to Velardeña, Golden Minerals holds the Celaya project in Guanajuato and the Parral project in Chihuahua, each situated in prolific Mexican silver districts.

At Velardeña, Golden Minerals has established a small-scale underground mining operation and a processing facility capable of treating both oxide and sulphide ores.

Further Reading

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