Fortitude Gold Co. (OTCMKTS:FTCO – Get Free Report) shares rose 0.2% during trading on Monday . The company traded as high as $4.85 and last traded at $4.83. Approximately 32,411 shares changed hands during trading, a decline of 41% from the average daily volume of 55,016 shares. The stock had previously closed at $4.82.
Fortitude Gold Price Performance
The company has a 50 day moving average of $4.80 and a 200 day moving average of $4.96.
Fortitude Gold (OTCMKTS:FTCO – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $8.20 million for the quarter, compared to analysts’ expectations of $16.41 million.
About Fortitude Gold
Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.
The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.
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