Shares of Iamgold Corporation (IAG) Sees Large Outflow of Money

Iamgold Corporation (IAG) : The total negative money flow of $4.26 million on Monday indicates selling on strength. The inflow of money on upticks was $9.34 million, compared to $13.6 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.69. The negative money flow of $0.24 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.26 million in a block trade.The transaction value of block trade on downtick was $0.5 million. The uptick to downtick ratio was 0.51. The price action in the Iamgold Corporation (IAG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $5.01 with a gain of $0.01 , a change of 0.2% over the previous days close. The stock registered -9.57% for the week.


IAMGOLD Corp. has dropped 13.2% in the last five trading days, however, the shares have posted positive gains of 4.23% in the last 4 weeks. IAMGOLD Corp. is up 28.05% in the last 3-month period. Year-to-Date the stock performance stands at 247.18%.

Iamgold Corporation (NYSE:IAG): The stock opened at $5.04 on Monday but the bulls could not build on the opening and the stock topped out at $5.08 for the day. The stock traded down to $4.86 during the day, due to lack of any buying support eventually closed down at $4.93 with a loss of -1.40% for the day. The stock had closed at $5.00 on the previous day. The total traded volume was 21,359,439 shares.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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