Shares of Golden Minerals Company (AUMN) Rally 5.97%

Golden Minerals Company (AUMN) : Traders are bullish on Golden Minerals Company (AUMN) as it has outperformed the S&P 500 by a wide margin of 45.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.97% in the last 1 week, and is up 51.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 31.65% and the 50-Day Moving Average is 67.4%.

Golden Minerals Company (NYSEMKT:AUMN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.85 and $0.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.89, notching a gain of 7.10% for the day. The total traded volume was 2,349,248 . The stock had closed at $0.83 on the previous day.


The company Insiders own 2.86% of Golden Minerals Company shares according to the proxy statements. Institutional Investors own 3% of Golden Minerals Company shares. In a related news,The officer (Sr VP, Gen. Coun. & Corp. Secy) of Golden Minerals Co, Friedman Deborah J sold 21,667 shares at $0.21 on December 30, 2015. The Insider selling transaction had a total value worth of $4,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Golden Minerals Company (Golden Minerals) is an exploration stage mining company. The Company owns the Velardena and Chicago precious metals mining operations (the Velardena Operations) in Durango, Mexico; and the El Quevar advanced exploration property in Salta, Argentina. In addition, the Company has a portfolio of precious metals and other mineral exploration properties located in or near metals producing regions of Mexico and Argentina. The Companys Velardena Operations consist of two underground mines and two processing plants within the Velardena mining district, which is located in the municipality of Cuencame, in the northeast quadrant of the State of Durango, Mexico. The Companys Zacatecas Mining District is located in the central part of Mexico, in the Faja de Plata mineral belt. The San Diego property, located in Durango, Mexico, lies approximately nine kilometers northeast of the Velardena property.

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