Almaden Minerals (NYSEAMERICAN:AAU) Stock Passes Below 50-Day Moving Average of $0.00

Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as low as $0.64. Almaden Minerals shares last traded at $0.64, with a volume of 99,400 shares changing hands.

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

Almaden Minerals (NYSEAMERICAN:AAU) (TSE:AMM) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.01) EPS for the quarter.

An institutional investor recently bought a new position in Almaden Minerals stock. Global Strategic Management Inc. acquired a new stake in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,107,423 shares of the basic materials company’s stock, valued at approximately $4,669,000. Almaden Minerals makes up approximately 4.6% of Global Strategic Management Inc.’s holdings, making the stock its 9th biggest position. Global Strategic Management Inc. owned 6.36% of Almaden Minerals at the end of the most recent quarter.

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. Its principal property is the Ixtaca project located in Puebla State, Mexico.

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