Primero Mining Corp (PPP) has been under a strong bear grip, hence the stock is down -9.2% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.6% in the past 1 week. The stock has risen by 5.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.15% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.35% and the 50-Day Moving Average is 11.15%. Primero Mining Corp. is up 21.81% in the last 3-month period. Year-to-Date the stock performance stands at 0.44%.
Primero Mining Corp (NYSE:PPP): stock turned positive on Friday. Though the stock opened at $2.31, the bulls momentum made the stock top out at $2.33 level for the day. The stock recorded a low of $2.26 and closed the trading day at $2.29, in the green by 1.33%. The total traded volume for the day was 944,649. The stock had closed at $2.26 in the previous days trading.
Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexicos San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black River? Matheson, Ontario, Canada. The Company owns properties adjacent to the Black Fox mine: Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. In addition, it owns one development-stage project; the Cerro del Gallo gold-silver-copper project, located in the state of Guanajuato in central Mexico. Further, the Company has one exploration property, Ventanas, located in Durango State, Mexico.