Shares of AngloGold Ashanti Limited (NYSE:AU) Sees Large Outflow of Money

AngloGold Ashanti Limited (NYSE:AU) : Wednesdays money flow analysis of AngloGold Ashanti Limited (NYSE:AU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.94 million. In comparison, the inflow of money on upticks was a meager $0.75 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.19 million. The uptick to downtick ratio of 0.39 in the money flow shows weakness. The downtick transaction value was high at $1.19 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.19 million). AngloGold Ashanti Limited (NYSE:AU) gained $0.63 at $17.82, a change of 3.66% over the previous days close.


Institutional Investors own 41.35% of AngloGold Ashanti Limited shares.

The company shares have rallied 103.43% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $17.59 and the one year low was seen on Aug 5, 2015. The 50-Day Moving Average price is $15.32 and the 200 Day Moving Average price is recorded at $12.43. AngloGold Ashanti Limited (NYSE:AU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.79 and $17.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.90, notching a gain of 4.13% for the day. The total traded volume was 4,706,772 . The stock had closed at $17.19 on the previous day.

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining and exploration company. The company works across the spectrum of the mining value chain. The Company also produces silver, uranium and sulfuric acid as by-products. It has approximately 20 operations located in 10 countries. The Company operates in four segments: South Africa, which includes operations and assets in West Wits, Vaal River and surface operations, which includes First Uranium SA which owns Mine Waste Solutions (MWS); Continental Africa, which includes operations in the DRC, Ghana, Guinea, Mali and Tanzania; Australasia, which comprises two operations in Australia, and Americas, which includes operations in Argentina, Brazil and the United States.

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