Almaden Minerals (TSE:AMM) Shares Cross Below 200-Day Moving Average of $0.81

Almaden Minerals Ltd. (TSE:AMM) (NYSEMKT:AAU) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.81 and traded as low as $0.69. Almaden Minerals shares last traded at $0.70, with a volume of 9,000 shares.

Separately, Mackie reaffirmed a “speculative buy” rating and set a C$1.30 price target on shares of Almaden Minerals in a report on Tuesday, November 19th.

The company has a market capitalization of $79.33 million and a PE ratio of -22.58. The company has a current ratio of 3.82, a quick ratio of 1.44 and a debt-to-equity ratio of 4.05. The stock has a fifty day simple moving average of C$0.71 and a 200-day simple moving average of C$0.81.

Almaden Minerals Company Profile (TSE:AMM)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.

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