AAU Stock Summary and Trading Ideas (Almaden Minerals Ltd. Common Shares | AMEX:AAU)

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.

Almaden Minerals Ltd. Common Shares trades on the AMEX stock market under the symbol AAU.

As of April 19, 2024, AAU stock price was flat at $0.15 with million shares trading.

AAU has a beta of 0.10, meaning it tends to be less sensitive to market movements. AAU has a correlation of 0.00 to the broad based SPY ETF.

AAU has a market cap of $20.10 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AAU stock traded as high as $.60 and as low as $.11.

AAU stock has underperformed the market in the last year with a return of -9.3%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AAU shares. However, AAU has outperformed the market in the last 3 month and 2 week periods, returning +8.4% and 0.0%, while SPY returned +5.2% and -2.6%, respectively. This indicates AAU has been having a stronger performance recently.

AAU support price is $.14 and resistance is $.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAU stock will trade within this expected range on the day.