Paramount Gold and Silver Corp. (AMEX:PZG) opened 3.76% lower than its previous closing price and dropped 6.27 to close at $3.74.
Jan 05, 2011 (SmarTrend(R) News Watch via COMTEX) — Newmont Mining (NYSE:NEM) traded in a range yesterday that spanned from a low of $58.25 to a high of $60.26. Yesterday, the shares fell 3.32%, which took the trading range below the 3-day low of $60.90 on volume of 12 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Metalline Mining Company (AMEX:MMG) decreased -6.25%, to close at $1.20 and its overall traded volume was 751,422.00 shares during the last session against its average volume of 426,632.00.
As investors look again at the sector and speculators continue to look for the next Red Back, there are fundamental changes afoot in the global listed gold sector.
Jan. 4 (Bloomberg) — European stocks climbed, extending the benchmark Stoxx Europe 600 Indexs biggest two-day advance in a month, as mining shares rallied in London.
Paramount Gold and Silver Corp. (AMEX:PZG) rallied around 7.52% in its last trading session and jumped to its new 52 week high of $4.29. It opened at $4.07, traded in the range of $3.98-$4.29 and then closed at $3.99, showing no change from its previous close.
The Company was notified today that Jim Williams, Chief Executive Officer of the Company, had disposed of 2,000,000 common shares of no par value (“Common Shares”), at a price of 51 pence per Common Share. The 2,000,000 Common Shares were placed to shareholders by XCAP Securities PLC.
Solitario Exploration & Royalty Corp. (AMEX: XPL), an exploration stage company engaged in the exploration and acquisition of precious metals and base metals in Brazil, Mexico, Peru, and Bolivia, saw shares climb 14.33% on Monday to close at 4.15 with nearly 4x its average trading volume. Shares climbed to a 52-week high of 4.19 during the day and they remain above the 50-day moving average of 2.60 and 200-day moving average of 2.26.
Shares of Almaden Minerals Ltd (NYSE: AAU) saw unusually high trading volume on Monday. Approximately 1.182 million shares changed hands during mid-day trading. During the most recent quarter, the stock had an average daily volume of 565,298 shares. The stock last traded at $5.08.
Zacks Investment Research research analysts reiterated a neutral rating for shares of Yamana Gold (NYSE: AUY) in a research note issued to investors on Wednesday.
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