Gold Stocks Trading Up: Brigus Gold Corp (USA) (NYSEMKT:BRD), Midway Gold Corp (USA) (NYSEMKT:MDW)
Northern, WI 05/27/2013 (GDPInsider) – Brigus Gold Corp (USA) (NYSEMKT:BRD) started today’s trading at 0.61, 0.01 cent above previous close of 0.60 and is up 4.46% on trading volume of 456,869 – just under 50% average trading volume of 912,936. The stock has a range of 0.5850 and 0.6299 and its technical chart shows a southward dip which began at the start of May 2013.
VTG is 42.21% below its 52-week high of 1.09 and 18.85% above its 52-week low of 0.53. The company recently announced the temporary suspension of drilling at its Black Fox Mill due to abnormally heavy rainfall and melting of the remaining snowpack. Higher than normal water levels have put operations on hold since May 13, 2013, however, the company assured investors that underground and open pit mining are not affected.
VTG is trading 9.58% below its SMA50 and 1.88% below its SMA20. The stock has a target price of 1.35 and a healthy RSI of 45.78.
Is BRD a solid investment at these levels? Get exclusive data and trends here.
Midway Gold Corp (USA) (NYSEMKT:MDW) opened trading at 0.99, a clear 0.03 cents above previous close of 0.96 and the stock is currently up 3.96%. Volume today is 985,426, 169.44% above average volume of 365,720. The range for MDW is 0.94 and 1.00 and the stock is trading 44.44% below its 52-week high of 1.80 and 16.28% above its 52-week low of 0.86. 128.45 million shares are outstanding in MDW and insider transactions account for 67.41% of trading activity.
The company recently announced financial results for the first quarter ending March 31, 2013. According to the release, the company’s balance sheet is in a healthy state after it wrapped up the $85 million funding round in 2012. MDW also reported that it had received the Water Pollution Control Permit necessary to conduct operations at its Pan project.
MDW reported a net loss (before tax) of $5.87 million for the three months ending March 31, 2013. This was a sharp reversal of the $3.07 net profit posted over the corresponding period in 2012.
The stock is trading 6.72% above its SMA20 and has a healthy RSI of 53.14.
How Should Investors Trade MDW Now? Get exclusive insights and updates here.
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