Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.67. Almaden Minerals shares last traded at $0.66, with a volume of 2,000 shares.

Separately, National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Almaden Minerals in a report on Thursday, June 27th.

The firm has a 50-day moving average of $0.74.

A hedge fund recently bought a new stake in Almaden Minerals stock. Bank of Montreal Can acquired a new stake in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 47,000 shares of the basic materials company’s stock, valued at approximately $28,000.

Almaden Minerals Company Profile (NYSEAMERICAN:AAU)

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. It holds a 100% interest in its principal property, the Ixtaca (Tuligtic) project that covers an area of approximately 7,200 hectares located in Puebla State, Mexico.

Further Reading: Intrinsic Value

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