Fortitude Gold (OTCMKTS:FTCO) Stock Price Down 0.3% – Here’s Why

Fortitude Gold Co. (OTCMKTS:FTCO)’s share price dropped 0.3% during mid-day trading on Thursday . The company traded as low as $4.91 and last traded at $5.00. Approximately 117,858 shares traded hands during mid-day trading, an increase of 163% from the average daily volume of 44,752 shares. The stock had previously closed at $5.02.

Fortitude Gold Stock Performance

The firm’s 50-day moving average is $5.22 and its 200 day moving average is $5.11.

Fortitude Gold Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date of this dividend is Wednesday, February 19th.

About Fortitude Gold

Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that covers approximately 10,434 acres located in Mineral County, Nevada.