Mar 16, 2011 (SmarTrend(R) News Watch via COMTEX) — Shares of Minefinders (AMEX:MFN) are trading up 3.1% to $10.72 today on above average volume. Approximately 855,000 shares have traded hands today vs. average 30-day volume of 589,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of MFN to see if this bullish momentum will continue.
Minefinders Corporation Ltd. acquires, explores, and develops precious metal properties. The Company has controlling interests in properties in Mexico, the United States, and Canada.
In the last five trading sessions, the 50-day MA has fallen 0.38% while the 200-day MA has risen 0.21%.
In the past 52 weeks, shares of Minefinders have traded between a low of $8.24 and a high of $11.88 and are now at $10.37, which is 26% above that low price.
