Argonaut Gold (OTCMKTS:ARNGF) Share Price Crosses Above 50 Day Moving Average of $0.46

Argonaut Gold Inc. (OTCMKTS:ARNGF – Get Rating)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.46 and traded as high as $0.49. Argonaut Gold shares last traded at $0.43, with a volume of 613,478 shares trading hands.

Wall Street Analyst Weigh In

ARNGF has been the topic of several analyst reports. Scotiabank decreased their price objective on Argonaut Gold from C$1.20 to C$0.90 in a report on Thursday. BMO Capital Markets initiated coverage on Argonaut Gold in a report on Thursday. They set an “outperform” rating on the stock. Finally, Desjardins decreased their price objective on Argonaut Gold from C$1.10 to C$0.80 in a report on Tuesday, February 28th.

Argonaut Gold Price Performance

The firm has a 50-day moving average of $0.46 and a two-hundred day moving average of $0.41.

About Argonaut Gold

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Argonaut Gold, Inc engages in the exploration, mine development, and production activities on gold-bearing properties. Its primary assets are the production stage El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico and the production stage La Colorada mine in Sonora, Mexico.