Shares of Minefinders Corp. Ltd. (MFN) saw unusually high trading volume on Wednesday. Approximately 1,115,309 shares changed hands during mid-day trading, an increase of 10.01% from the previous session. The stock last traded at $14.55.
Separately, analysts at Zacks Investment Research downgraded shares of Minefinders Corp. Ltd. from a neutral rating to an underperform rating in a research note to investors on Thursday, March 24th.
Minefinders Corporation Ltd. (Minefinders) is in the business of exploration for, and development and mining of, precious and base metal properties. Interests in these properties are held directly and indirectly through exploitation and exploration concessions, leases, options and working interests. The Companyâs properties are located in Mexico and the United States. The Companyâs principal and only material mineral property interest is the Dolores property, located in Chihuahua, Mexico. The Company also has property interests in Sonora, Mexico (the Sonora Properties). The Sonora Properties include the resource bearing La Bolsa gold and silver deposit, the Real Viejo silver prospect and the Planchas de Plata silver prospect. The Company has other mineral property interests in northern Mexico and in the United States which are in the early exploration-stage.
Shares of Minefinders Corp. Ltd. traded up 4.41% during mid-day trading on Wednesday, hitting $14.5964. Minefinders Corp. Ltd. has a 52 week low of $8.24 and a 52 week high of $13.98. The stocks 50-day moving average is $11.51 and its 200-day moving average is $10.39. The company has a market cap of $1.164 billion and a price-to-earnings ratio of 155.33.
