IAMGOLD Corp (NYSE:IAG) share rose by 2.43%, SilverCrest Mines Inc (NYSEMKT:SVLC)

Posted by Michael Korte May 23, 2013 0 Comment 850 views


IAMGOLD Corp (NYSE:IAG): In Wednesday’s trading session, IAMGOLD Corp (NYSE:IAG) rose by 2.43% and closed at $5.05. It opened at $5.04 per share, touched an intraday high of $5.27, before dropping down to close at $4.95 per share. Over 7.78 million shares were traded in Wednesday’s trading session. This number stood above the average volume of 7.50 million that was measured over a 30-day period.

IAG is essentially a mining company. IAMGOLD Corp (NYSE:IAG)’s interests include a diamond royalty, a niobium mine and 5 operating gold mines. It also has exploration and development projects situated in the Americas and Africa. The company focuses in West Africa, certain South American companies and also in the Quebec province in Canada. IAMGOLD Corp (NYSE:IAG)’s operating mines include the Doyon Division Gold Mines, Essakane Gold Mine, Rosebel Gold Mine and Niobec Niobium Mine. IAG’s development projects include Quimsacocha Project, Camp Caiman Project and the Westwood Project. In 2012 November, IAMGOLD Corp (NYSE:IAG) sold IAMGOLD Ecuador S.A. This includes the Quimsacocha project located in Ecuador. In 2013 April, IAMGOLD raised its stake in GoldON Resources Ltd from 7.778% to 18.373%.

SilverCrest Mines Inc (NYSEMKT:SVLC): In Wednesday’s trading session, SilverCrest Mines Inc (NYSEMKT:SVLC) surged by 2.92%. It opened at $1.76 per share, touched an intraday high of $1.84, before dropping down to close at $1.74 per share. More than 0.125 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 0.201 million that was measured over a 30-day period.

The target price of the stock is $3.76. At the moment it is trading under the target price. The relative-strength index of the SilverCrest Mines Inc (NYSEMKT:SVLC) stock is 34.81. Around 0.11% of the shares that were floated have been held short and the short ratio stands at 0.49. The share dipped by about 11.22% over the last month and has dropped 6.19% over the past week. The year to date growth for the stock is –27.78%. Currently, the stock is being traded 43.93% under the 52-week high and 12.50% above the 52-week low. The stock has a volatility of 6.69% over a one month period and 10.79% volatility over the past five trading sessions.


About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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