Golden Minerals (TSE:AUMN) Stock Price Up 25.8% – Here’s What Happened

Golden Minerals (TSE:AUMN)’s stock price traded up 25.8% on Friday . The company traded as high as C$0.60 and last traded at C$0.56. 89,495 shares were traded during mid-day trading, an increase of 171% from the average session volume of 32,981 shares. The stock had previously closed at C$0.45.

Golden Minerals Stock Up 25.8%

The company has a quick ratio of 1.67, a current ratio of 0.56 and a debt-to-equity ratio of -2.73. The company has a market capitalization of C$8.43 million, a PE ratio of -2.43 and a beta of -0.17. The business’s 50 day simple moving average is C$0.54 and its 200 day simple moving average is C$0.39.

Golden Minerals (TSE:AUMN) last posted its quarterly earnings data on Friday, November 14th. The company reported C($0.06) earnings per share for the quarter. Golden Minerals had a negative return on equity of 1,608.80% and a negative net margin of 2,803.33%. As a group, analysts forecast that Golden Minerals will post 0.0043397 EPS for the current year.

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.