27-Mar-2024
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Almaden Provides Corporate Update
Globe Newswire (Thu, 14-Mar 6:47 PM ET)
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 March 27, 2024, AAU stock price was flat at $0.14 with 260,982 million shares trading.
AAU has a beta of 0.09, 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 $19.21 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 has underperformed the market in the last year with a return of -28.9%, while the SPY ETF gained +33.9%. In the last 3 month period, AAU fell short of the market, returning -3.4%, while SPY returned +10.3%. However, in the most recent 2 weeks AAU has outperformed the stock market by returning +2.2%, while SPY returned +1.5%.
AAU support price is $.14 and resistance is $.14 (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.