Golden Minerals (TSE:AUMN – Get Free Report)’s share price was up 7.1% during mid-day trading on Tuesday . The company traded as high as C$0.80 and last traded at C$0.75. Approximately 49,836 shares changed hands during trading, an increase of 54% from the average daily volume of 32,408 shares. The stock had previously closed at C$0.70.
Golden Minerals Price Performance
The stock has a market capitalization of C$11.29 million, a price-to-earnings ratio of -5.00 and a beta of -0.23. The company has a quick ratio of 1.67, a current ratio of 0.56 and a debt-to-equity ratio of -2.73. The business’s 50 day simple moving average is C$0.49 and its 200-day simple moving average is C$0.34.
About Golden Minerals
Golden Minerals is a Colorado-based gold-silver producer with one mine in production and a pipeline of precious metals exploration and development projects in Mexico Argentina and Nevada. The company has 43-101-defined resources totaling over 80M M&I AgEq oz plus over 40M Inferred AgEq oz. The company seeks to achieve long-term sustainable profitable gold-silver production; first via the Rodeo mine which started gold-silver production in January 2021 and longer term via the high-grade gold-silver Velardea Properties which could restart production in late 2021 or 2022 subject to board approval and completion of further testing.
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