Shares of Evolution Mining Ltd (ASX:EVN) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.06 and traded as high as $4.13. Evolution Mining shares last traded at $3.92, with a volume of 13,126,787 shares trading hands.
The company has a market cap of $6.67 billion and a price-to-earnings ratio of 30.63. The firm has a 50 day moving average price of A$4.06 and a two-hundred day moving average price of A$4.32. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 12.19.
In related news, insider Lawrence (Lawrie) Conway 305,935 shares of the company’s stock in a transaction that occurred on Friday, September 13th.
Evolution Mining Limited engages in identifying, developing, and operating gold related projects in Australia and New Zealand. The company primarily explores for gold, copper, and silver deposits. As of June 30, 2018, it operated five wholly-owned gold mines located in Cowal in New South Wales; Cracow, Mt Carlton, and Mt Rawdon in Queensland; and Mungari in Western Australia, as well as had an economic interest in the Ernest Henry copper-gold operation in Queensland.
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