Shares of Almaden Minerals (AMEX: AAU) are trading up 9.8% to $4.70 today on above average volume. Approximately 673,000 shares have traded hands today vs. average 30-day volume of 534,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of AAU to see if this bullish momentum will continue.
Almaden Minerals Ltd. acquires, explores, and develops gold-silver-copper properties. The Company has projects in British Columbia and the Yukon, both located in Canada, and in Mexico. Almaden’s focus is on gold production.
In the last five trading sessions, the 50-day MA has climbed 0.78% while the 200-day MA has risen 1.69%.
In the past 52 weeks, shares of Almaden Minerals have traded between a low of $0.82 and a high of $5.24 and are now at $4.60, which is 461% above that low price.
