Fortitude Gold (OTCMKTS:FTCO) Trading Down 2.4% – Should You Sell?

Fortitude Gold Co. (OTCMKTS:FTCO) shares dropped 2.4% during mid-day trading on Thursday . The company traded as low as $4.93 and last traded at $4.96. Approximately 69,560 shares were traded during trading, an increase of 3% from the average daily volume of 67,494 shares. The stock had previously closed at $5.08.

Fortitude Gold Stock Performance

The firm has a 50 day moving average price of $5.34 and a 200 day moving average price of $4.90.

Fortitude Gold Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.48 dividend on an annualized basis and a yield of 9.57%.

Fortitude Gold Company Profile

Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that covers approximately 10,434 acres located in Mineral County, Nevada.