Golden Minerals (NYSE:AUMN) Trading Up 7.8% – Time to Buy?

Golden Minerals (NYSE:AUMNGet Free Report) rose 7.8% during mid-day trading on Friday . The stock traded as high as $0.2048 and last traded at $0.2048. 7,348 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 40,244 shares. The stock had previously closed at $0.19.

Golden Minerals Price Performance

The firm has a 50-day simple moving average of $0.19 and a 200 day simple moving average of $0.25. The company has a market capitalization of $3.08 million, a PE ratio of -0.39 and a beta of -0.79.

About Golden Minerals

(Get Free Report)

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.

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