Large Inflow of Money Detected in Kinross Gold Corporation

Kinross Gold Corporation (KGC) stock had a bullish inflow of $15.69 million worth of trades on uptick and an outflow of $13.56 million in downticks on Monday. The total uptick to downtick ratio stood at 1.16. The net money flow into the stock was $2.13 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.29 million. An inflow of $1.39 million block trade was recorded on downticks. $1.68 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.21 in favor of the bulls. However, Kinross Gold Corporation (KGC) stock traded down $0.06 , and reached $5.16, a drop of -1.06% over the previous day. On a weekly basis, the stock is -2.37%, over the previous weeks close.


Kinross Gold Corporation has lost 4.44% in the last five trading days and dropped 2.82% in the last 4 weeks. Kinross Gold Corporation has dropped 2.09% during the last 3-month period . Year-to-Date the stock performance stands at 183.52%.

Kinross Gold Corporation (NYSE:KGC): The stock opened at $5.23 on Monday but the bulls could not build on the opening and the stock topped out at $5.27 for the day. The stock traded down to $5.13 during the day, due to lack of any buying support eventually closed down at $5.16 with a loss of -0.96% for the day. The stock had closed at $5.21 on the previous day. The total traded volume was 16,099,213 shares.

Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Companys segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.

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