Golden Minerals (TSE:AUMN) Trading Down 20.3% – Here’s Why

Shares of Golden Minerals (TSE:AUMN) traded down 20.3% during trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.32. 108,662 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 51,027 shares. The stock had previously closed at C$0.40.

Golden Minerals Trading Down 3.7 %

The firm’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.28. The company has a debt-to-equity ratio of -2.73, a current ratio of 0.56 and a quick ratio of 1.67. The company has a market cap of C$2.36 million, a PE ratio of -0.33 and a beta of 0.28.

Golden Minerals Company Profile

Golden Minerals is a Colorado-based gold-silver producer with one mine in production and a pipeline of precious metals exploration and development projects in Mexico Argentina and Nevada. The company has 43-101-defined resources totaling over 80M M&I AgEq oz plus over 40M Inferred AgEq oz. The company seeks to achieve long-term sustainable profitable gold-silver production; first via the Rodeo mine which started gold-silver production in January 2021 and longer term via the high-grade gold-silver Velardea Properties which could restart production in late 2021 or 2022 subject to board approval and completion of further testing.