Almaden Minerals Ltd (NYSE: AAU) Posts Large Volume Increase, Hits $5.08
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.
Almaden Minerals Ltd. (Almaden) is an exploration-stage company. Almaden is engaged in the business of the acquisition, exploration and when warranted, development of mineral properties. The Company has property interests in Canada, United States and Mexico. The Company has two primary property interests: the Elk gold, silver property, which includes the Siwash Gold deposit in Canada and the Caballo Blanco gold, silver, copper prospect in Mexico The Companys secondary property interests include the ATW diamond prospect in Canada, the Merit prospect in Canada, the San Carlos prospect in Mexico, the Yago prospect in Mexico (100% interest), the Tuligtic prospect in Mexico (100% interest), the Matehuapil prospect in Mexico (100% interest subject to a 60% option agreement earn in right by Apex Silver Mines Limited) and the Caldera prospect in Mexico. In February 2010, the Bufa prospect in Mexico was sold to Lincoln Mining Corporation subject to a 2% net smelter return royalty (NSR).
Almaden Minerals Ltd (NYSE: AAU) traded up 7.40% during mid-day trading on Monday. The stock has a 52 week low of $0.82 and a 52 week high of $5.15. Its 50-day moving average is $4.01 and its 200-day moving average is $2.45. The company has a market cap of $279.8 million and a price-to-earnings ratio of N/A.
