Golden Minerals (NYSE:AUMN) Stock Price Up 6.7% – Time to Buy?

Golden Minerals (NYSE:AUMN)’s stock price traded up 6.7% during mid-day trading on Wednesday . The stock traded as high as $0.2049 and last traded at $0.2049. Approximately 886 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 37,635 shares. The stock had previously closed at $0.1921.

Golden Minerals Price Performance

The firm has a market capitalization of $2.97 million, a P/E ratio of -0.38 and a beta of -0.78. The business has a 50 day moving average price of $0.18 and a 200 day moving average price of $0.23.

Golden Minerals Company Profile

Golden Minerals Company is a U.S.-based precious metals mining and exploration company focused on the acquisition, development and production of silver and gold properties in Mexico. The company’s core asset is the Velardeña Properties in Durango State, where it operates both flotation and cyanidation circuits to produce silver-lead-zinc concentrates and doré bars. In addition to Velardeña, Golden Minerals holds the Celaya project in Guanajuato and the Parral project in Chihuahua, each situated in prolific Mexican silver districts.

At Velardeña, Golden Minerals has established a small-scale underground mining operation and a processing facility capable of treating both oxide and sulphide ores.