Almaden Minerals (TSE:AMM) Shares Cross Below 200-Day Moving Average of $0.81

Almaden Minerals Ltd. (TSE:AMM) (NYSEMKT:AAU) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.81 and traded as low as $0.69. Almaden Minerals shares last traded at $0.70, with a volume of 9,000 shares changing hands.

Separately, Mackie reiterated a “speculative buy” rating and issued a C$1.30 target price on shares of Almaden Minerals in a report on Tuesday, November 19th.

The firm has a market capitalization of $79.33 million and a PE ratio of -22.58. The company has a fifty day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.81. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.44 and a current ratio of 3.82.

About Almaden Minerals (TSE:AMM)

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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