Golden Minerals (NYSE:AUMN) Trading 1.6% Higher – Here’s What Happened

Golden Minerals (NYSE:AUMN) rose 1.6% during trading on Monday . The company traded as high as $0.2753 and last traded at $0.2739. Approximately 6,280 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 106,085 shares. The stock had previously closed at $0.2697.

Golden Minerals Price Performance

The company’s 50-day moving average is $0.32 and its two-hundred day moving average is $0.33. The firm has a market cap of $4.12 million, a P/E ratio of -0.53 and a beta of -1.05.

About Golden Minerals

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.