Almaden Minerals (NYSEAMERICAN:AAU) Stock Price Up 4.2%

Shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) rose 4.2% during mid-day trading on Thursday . The company traded as high as $0.51 and last traded at $0.50. Approximately 3,300 shares changed hands during trading, a decline of 98% from the average daily volume of 175,818 shares. The stock had previously closed at $0.48.

Almaden Minerals (NYSEAMERICAN:AAU) (TSE:AMM) last posted its earnings results on Monday, May 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

A hedge fund recently bought a new stake in Almaden Minerals stock. Global Strategic Management Inc. purchased a new position in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,107,423 shares of the basic materials company’s stock, valued at approximately $4,669,000. Almaden Minerals accounts for about 4.6% of Global Strategic Management Inc.’s portfolio, making the stock its 9th biggest holding. Global Strategic Management Inc. owned about 6.36% of Almaden Minerals as of its most recent filing with the Securities and Exchange Commission (SEC).

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About Almaden Minerals (NYSEAMERICAN:AAU)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Ixtaca project located in Puebla State, Mexico.

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