Golden Minerals (TSE:AUMN) Shares Up 32.1% – What’s Next?

Golden Minerals (TSE:AUMN) shares rose 32.1% during trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 129,983 shares traded hands during trading, an increase of 307% from the average daily volume of 31,936 shares. The stock had previously closed at C$0.27.

Golden Minerals Price Performance

The company’s fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.28. The company has a market capitalization of C$2.68 million, a P/E ratio of -0.37 and a beta of 0.28. The company has a quick ratio of 1.67, a current ratio of 0.56 and a debt-to-equity ratio of -2.73.

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.