Fortitude Gold Co. (OTCMKTS:FTCO – Get Free Report) shot up 3.8% on Wednesday . The company traded as high as $5.90 and last traded at $5.76. 190,811 shares traded hands during trading, an increase of 41% from the average session volume of 135,239 shares. The stock had previously closed at $5.55.
Fortitude Gold Price Performance
The business has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $4.13.
Fortitude Gold Company Profile
Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.
The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.
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