Alamos Gold (NYSE:AGI) reported a rise of 25.5% or 1,202,718 shares in its short interest. The short figure came in at 2.2% of the total floats. The average daily volume of 2,576,392 shares suggests that the days to cover 5,920,599 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 4,717,881 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Alamos Gold (NYSE:AGI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.32 and $7.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.94, notching a gain of 5.31% for the day. The total traded volume was 2,404,984 . The stock had closed at $7.54 on the previous day.
The company shares have rallied 40.04% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $8.59 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $7.13 and the 200 Day Moving Average price is recorded at $5.15.
Alamos Gold (NYSE:AGI) has climbed 1.79% in the past week and advanced 27.24% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.48% and the outperformance has advanced to 31.09% for the last 4 weeks period.
Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province, Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project, which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property, which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.