Saracen Mineral (ASX:SAR) Stock Crosses Above Fifty Day Moving Average of $4.06
Saracen Mineral Holdings Limited (ASX:SAR) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.06 and traded as high as $3.41. Saracen Mineral shares last traded at $3.33, with a volume of 8,760,582 shares trading hands.
The company’s 50 day moving average price is A$4.05 and its 200 day moving average price is A$3.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.43 and a quick ratio of 1.64. The firm has a market cap of $2.74 billion and a PE ratio of 30.00.
In other news, insider Raleigh Finlayson sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of A$3.71 ($2.63), for a total value of A$3,710,000.00 ($2,631,205.67).
Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. The company explores for gold and nickel deposits. It owns 100% interests in the Carosue Dam operations located to the north-east of Kalgoorlie, Western Australia; and Thunderbox operations located in the Yandal and the Agnew-Wiluna belts in the North Eastern Goldfields of Western Australia.
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