Large Inflow of Money Witnessed in Barrick Gold Corporation

Shares of Barrick Gold Corporation (NYSE:ABX) saw an erosion of -0.6 points in recent session. During the trading, the value of each share was $19.16, dropping -3.04%. The shares saw high fund-flow as the composite value of all the upticks was $66.45 million and the total value of all the downticks was a mere $51.6 million. The net money flow was seen at $14.85 million and the up/down ratio was measured at 1.29. On a weekly basis the shares of the shares have recorded a change of -4.72%.The block trade which occurred today had $28.13 million in upticks and $11.78 million in downticks with the up/down ratio climbing to 2.39. $16.35 million was the net money flow of the block transaction.


The stock has recorded a 20-day Moving Average of 2.96% and the 50-Day Moving Average is 7.43%. The company shares have rallied 77.06% in the past 52 Weeks. On June 16, 2016 The shares registered one year high of $21.4 and one year low was seen on September 23, 2015 at $5.91. The 50-day moving average is $18.46 and the 200 day moving average is recorded at $13.45. S&P 500 has rallied 1.93% during the last 52-weeks.

Barrick Gold Corporation (NYSE:ABX): The stock opened at $19.39 on Tuesday but the bulls could not build on the opening and the stock topped out at $19.66 for the day. The stock traded down to $19.15 during the day, due to lack of any buying support eventually closed down at $19.16 with a loss of -3.04% for the day. The stock had closed at $19.76 on the previous day. The total traded volume was 21,169,052 shares.

Institutional Investors own 58.09% of Barrick Gold Corporation shares.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

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