Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,120,000 shares, a decrease of 18.8% from the March 31st total of 1,380,000 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 5,020,000 shares, the short-interest ratio is presently 0.2 days.
A hedge fund recently bought a new stake in Almaden Minerals stock. Virtu Financial LLC acquired a new stake in shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 85,820 shares of the basic materials company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.07% of Almaden Minerals as of its most recent SEC filing. 4.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSEAMERICAN AAU traded down $0.02 on Tuesday, hitting $0.55. The company had a trading volume of 1,334,090 shares, compared to its average volume of 4,701,881. Almaden Minerals has a 12-month low of $0.38 and a 12-month high of $1.24. The company has a 50 day moving average price of $0.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 9.48 and a quick ratio of 9.48. The firm has a market cap of $75.43 million, a price-to-earnings ratio of -18.02 and a beta of 1.03.
About Almaden Minerals
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 Tuligtic project that covers an area of approximately 7,200 hectares located in Puebla State, Mexico.
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