Company Shares of Almaden Minerals Ltd. (NYSEMKT:AAU) Drops by -11.45%

Almaden Minerals Ltd. (NYSEMKT:AAU) has risen sharply, recording gains of 25.64% in the past 4 weeks. However, the stock has corrected -11.45% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 23.65% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The company shares have rallied 88.46% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $1.83 and the one year low was seen on Sep 15, 2015. The 50-Day Moving Average price is $1.23 and the 200 Day Moving Average price is recorded at $0.92.

The stock has recorded a 20-day Moving Average of 11.7% and the 50-Day Moving Average is 23.26%.


Almaden Minerals Ltd. (NYSEMKT:AAU): On Fridays trading session , Opening price of the stock was $1.53 with an intraday high of $1.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.43. However, the stock managed to close at $1.47, a loss of 3.92% for the day. On the previous day, the stock had closed at $1.53. The total traded volume of the day was 1,062,333 shares.

Almaden Minerals Ltd. (Almaden) is an exploration-stage company that is engaged directly in the exploration and development of exploration and evaluation properties in Canada, United States and Mexico. The Company is engaged in the business of the acquisition, exploration and when warranted, development of mineral properties. As of December 31, 2014, none of the Companys property interests were beyond exploration stage. The Company has not generated any revenues from operations. The Company has two primary property interests, both in Mexico: the Tuligtic prospect, which includes the Ixtaca zone and the El Cobre copper-gold prospect. The Company owns a 100% interest in the El Cobre project. The El Cobre project is located adjoining the Caballo Blanco project in Veracruz State, Mexico. The Companys Ixtaca deposit, the epithermal gold-silver target within the Tuligtic Property, is located approximately eight kilometers northwest of the town of San Francisco Ixtacamaxtitlan.

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