Argonaut Gold (TSE:AR) Stock Passes Above 200 Day Moving Average of $1.91

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Shares of Argonaut Gold Inc (TSE:AR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.91 and traded as high as $2.67. Argonaut Gold shares last traded at $2.60, with a volume of 182,056 shares traded.

Separately, National Bank Financial upped their price objective on shares of Argonaut Gold from C$3.75 to C$3.90 and gave the stock an “outperform” rating in a research report on Thursday, August 8th.

The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 2.23. The company’s 50-day moving average is C$2.41 and its two-hundred day moving average is C$1.93. The company has a market capitalization of $463.59 million and a P/E ratio of -44.33.

About Argonaut Gold (TSE:AR)

Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; and the San Agustin project located in the State of Durango, Mexico.

See Also: Margin

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