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

Golden Minerals (TSE:AUMN)’s share price fell 20.3% during trading on Thursday . The stock traded as low as C$0.27 and last traded at C$0.32. 108,662 shares were traded 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 20.3 %

The business has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.28. The company has a current ratio of 0.56, a quick ratio of 1.67 and a debt-to-equity ratio of -2.73. The firm has a market capitalization of C$2.86 million, a PE ratio of -0.40 and a beta of 0.28.

About Golden Minerals

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.