Andean Precious Metals (OTCMKTS:ANPMF) Stock Jumps 3.6% – Here’s What Happened

Andean Precious Metals Corp. (OTCMKTS:ANPMF)’s share price traded up 3.6% during trading on Thursday. The stock traded as high as C$4.00 and last traded at C$4.00. Approximately 32,405 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 116,980 shares. The stock had previously closed at C$3.86.

Analyst Upgrades and Downgrades

Separately, National Bank Financial began coverage on Andean Precious Metals in a report on Thursday, October 8th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Andean Precious Metals currently has a consensus rating of “Buy”.

Andean Precious Metals Stock Up 0.7%

The business has a fifty day moving average price of C$4.69 and a two-hundred day moving average price of C$4.64.

Andean Precious Metals Company Profile

Andean Precious Metals Corp. is a precious metals producer focused on the exploration, development and operation of mining assets. The company’s primary asset is the Soledad Mountain Mine, an open-pit gold and silver operation in Kern County, California.

At Soledad Mountain, ore is mined and processed through conventional crushing, heap-leach and precious metals recovery methods. The mine produces gold and silver doré, which is refined for sale. Its location near Mojave, California, provides access to established infrastructure and services in the western United States.

The company was previously associated with Golden Queen Mining Co before adopting the Andean Precious Metals name.