Golden Minerals (NYSE:AUMN) Shares Down 0.6% – Time to Sell?

Golden Minerals (NYSE:AUMN) shares fell 0.6% during mid-day trading on Friday . The stock traded as low as $0.2880 and last traded at $0.3001. 22,454 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 55,399 shares. The stock had previously closed at $0.3019.

Golden Minerals Stock Down 0.6%

The firm has a 50 day moving average of $0.31 and a two-hundred day moving average of $0.32. The firm has a market capitalization of $4.52 million, a price-to-earnings ratio of -0.58 and a beta of -1.05.

Golden Minerals Company Profile

Golden Minerals Company is a U.S.-based precious metals mining and exploration company focused on the acquisition, development and production of silver and gold properties in Mexico. The company’s core asset is the Velardeña Properties in Durango State, where it operates both flotation and cyanidation circuits to produce silver-lead-zinc concentrates and doré bars. In addition to Velardeña, Golden Minerals holds the Celaya project in Guanajuato and the Parral project in Chihuahua, each situated in prolific Mexican silver districts.

At Velardeña, Golden Minerals has established a small-scale underground mining operation and a processing facility capable of treating both oxide and sulphide ores.