Argonaut Gold (TSE:AR) Shares Pass Above Two Hundred Day Moving Average of $0.59

Argonaut Gold Inc. (TSE:AR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.59 and traded as high as C$0.68. Argonaut Gold shares last traded at C$0.65, with a volume of 1,121,266 shares traded.

Argonaut Gold Stock Performance

The stock has a 50 day moving average price of C$0.59 and a two-hundred day moving average price of C$0.59. The company has a debt-to-equity ratio of 38.42, a current ratio of 1.36 and a quick ratio of 0.82. The company has a market capitalization of C$561.90 million, a price-to-earnings ratio of -1.41 and a beta of 1.52.

Argonaut Gold (TSE:AR) last issued its quarterly earnings results on Friday, August 11th. The mining company reported C$0.01 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.03. The business had revenue of C$111.64 million during the quarter. Argonaut Gold had a negative net margin of 51.18% and a negative return on equity of 18.84%. On average, analysts predict that Argonaut Gold Inc. will post 0.0404722 EPS for the current fiscal year.

About Argonaut Gold

Argonaut Gold Inc engages in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico.