Golden Minerals (TSE:AUMN) Shares Down 2.2% – Here’s What Happened

Golden Minerals (TSE:AUMN) shares were down 2.2% during mid-day trading on Monday . The stock traded as low as C$0.43 and last traded at C$0.44. Approximately 13,480 shares were traded during trading, a decline of 59% from the average daily volume of 33,203 shares. The stock had previously closed at C$0.45.

Golden Minerals Stock Performance

The stock has a market cap of C$6.55 million, a price-to-earnings ratio of -1.89 and a beta of -0.02. The firm’s 50-day moving average is C$0.49 and its two-hundred day moving average is C$0.43. The company has a current ratio of 0.56, a quick ratio of 1.67 and a debt-to-equity ratio of -2.73.

Golden Minerals (TSE:AUMN) last posted its quarterly earnings data on Friday, November 14th. The company reported C($0.06) EPS for the quarter. Golden Minerals had a negative return on equity of 1,608.80% and a negative net margin of 2,803.33%. As a group, sell-side analysts expect that Golden Minerals will post 0.0043397 earnings per share for the current year.

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.