Category: Investor’s Corner

May 02, 2011 (SmarTrend(R) News Watch via COMTEX) — Cliffs Natural Resources (NYSE:CLF) traded in a range yesterday that spanned from a low of $93.05 to a high of $97.03. Yesterday, the shares fell 2.97%, which took the trading range below the 3-day low of $94.43 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

Shares of Silver Standard Resources Inc. (SSRI) hit a new 52-week high on Thursday. The stock traded as high as $35.94 during mid-day trading and last traded at $34.78. The stock previously closed at $35.06.

NEW YORK (TheStreet) — Goldcorp (NYSE:GG) hit a new 52-week high Thursday as it is currently trading at $56.16, above its previous 52-week high of $56.03 with 2.5 million shares traded as of 11:31 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.

NEW YORK (TheStreet) — Gammon Gold (NYSE:GRS) hit a new 52-week high Thursday as it is currently trading at $11.06, above its previous 52-week high of $10.99 with 424,324 shares traded as of 10:03 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Gammon has a market cap of $1.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 32.8% year to date as of the close of trading on Wednesday.
Gammon Gold Inc., through its subsidiaries, engages in the acquisition, exploration, development, and mining of gold and silver deposits in North America.

NEW YORK (TheStreet) — Minefinders (AMEX:MFN) hit a new 52-week high Thursday as it is currently trading at $17.24, above its previous 52-week high of $17.04 with 381,521 shares traded as of 10:01 a.m. ET. Average volume has been 798,300 shares over the past 30 days.

NEW YORK (TheStreet) — Royal Gold (Nasdaq:RGLD) hit a new 52-week high Thursday as it is currently trading at $61.87, above its previous 52-week high of $61.54 with 86,141 shares traded as of 10:07 a.m. ET. Average volume has been 567,600 shares over the past 30 days.

Mercator Minerals Ltd. announces the appointment of Mr. John H. Bowles, FCA, FCIM, to the Board of Directors of the Company and the resignation of Michael D. Lindeman as a director of the Company, effective April 25, 2011.

Apr 25, 2011 (SmarTrend(R) Spotlight via COMTEX) — SmarTrend identified a Downtrend for Solitario Exploration & Royalty (AMEX:XPL) on April 11, 2011 at $3.30. In approximately 2 weeks, Solitario Exploration & Royalty has returned 10.3% as of today’s recent price of $2.96.

Shares of Minefinders Corp. Ltd. (MFN) hit a new 52-week high on Monday. The stock traded as high as $17.00 during mid-day trading and last traded at $16.16. The stock previously closed at $16.76.

Trading Higher on Heavy Volume are Shares of Almaden Minerals on 1.3x Above-Average Volume