Shares of Barrick Gold Corporation (ABX) Sees Large Outflow of Money

Barrick Gold Corporation (ABX) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.5 million) in Barrick Gold Corporation (ABX). On Monday, The value of composite uptick trades was $7.63 million, whereas, the value of composite downtick trades was $10.12 million and the ratio between the two was 0.75, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.38 million. $0.41 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.09. The negative money flow of ($3.97 million) shows selling on strength. Barrick Gold Corporation (ABX) gained $0.03 intraday at $21.78 and registrered 0.14% for the week.


Shares of Barrick Gold Corporation rose by 0.42% in the last five trading days and 0.51% for the last 4 weeks. Barrick Gold Corporation is up 13.88% in the last 3-month period. Year-to-Date the stock performance stands at 192.24%.

Barrick Gold Corporation (NYSE:ABX): The stock opened at $21.71 on Monday but the bulls could not build on the opening and the stock topped out at $21.83 for the day. The stock traded down to $21.41 during the day, due to lack of any buying support eventually closed down at $21.51 with a loss of -1.10% for the day. The stock had closed at $21.75 on the previous day. The total traded volume was 8,002,489 shares.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

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