Shares of Richmont Mines (RIC) Sees Large Inflow of Net Money Flow

Richmont Mines (RIC) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.2 million worth of transactions were on upticks, whereas, the downticks accounted for $0.04 million worth of transactions. The net money flow was a positive $0.15 million and the uptick to downtick ratio was 4.45. The net money flow into the stock was $0.12 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.12 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Richmont Mines (RIC) was trading at $9.85, down $0.26 during day. The stock slid -2.57% over the previous days close. For the week, the stock recorded -0.1% over the previous weeks close.


Institutional Investors own 42.84% of Richmont Mines shares.

Shares of Richmont Mines Inc. rose by 1.12% in the last five trading days and 14.47% for the last 4 weeks. Richmont Mines Inc. is up 45.23% in the last 3-month period. Year-to-Date the stock performance stands at 208.1%.

Richmont Mines (NYSEMKT:RIC): On Tuesdays trading session , Opening price of the stock was $10.18 with an intraday high of $10.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.74. However, the stock managed to close at $9.89, a loss of 2.18% for the day. On the previous day, the stock had closed at $10.11. The total traded volume of the day was 455,396 shares.

Richmont Mines Inc. (Richmont) is principally engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company operates around three gold mines (the Beaufor and Monique mines in Quebec and the Island Gold Mine in Ontario) and is also engaged in the development of the extension of its Island Gold Mine operations. The Companys Beaufor Mine property and the W Zone Mine, along with other adjacent properties, such as Pascalis, Perron, Colombiere, Courvan and Perron Blocks 2 and 3, are located approximately 20 kilometers northeast of the town of Val-dOr in the Abitibi-East county, in the Province of Quebec. The Companys Monique Mine is located 25 kilometers east of Val-dOr, in the province of Quebec. Richmonts Island Gold Mine is located approximately 83 kilometers northeast of Wawa, Ontario in the Sault Ste. Marie Mining Division.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.