Golden Minerals Co. (AUMN, Financial) experienced a significant stock price drop of 6.47%. The stock was trading at $0.269 per share with a trading volume of 77,697 shares and a turnover rate of 0.52%, showing a fluctuation amplitude of 5.56%.
Financial reports indicate the company encountered zero revenue, a net loss of $1.90 million, and earnings per share at a negative $0.19. The gross profit stood at a negative $15,000 with a price-to-earnings ratio of -0.31. Despite these results, the sole participating rating agency offered a 'buy' recommendation, with no suggestions to hold or sell.
In the broader precious metals and mining sector where Golden Minerals operates, the overall decline was 0.72%. Some peer companies showed notable activity: Mcewen Mining Inc., Perpetua Resources Corp., and Metalla Royalty & Streaming Ltd. recorded considerable gains, while Silvercrest Metals Inc., Mcewen Mining Inc., and Comstock Inc. exhibited higher turnover rates at 1.79%, 1.19%, and 1.15%, respectively. Comstock Inc., Mcewen Mining Inc., and Solaris Resources Inc. exhibited significant volatility, with amplitude rates of 10.86%, 7.61%, and 6.41%, respectively.
Golden Minerals Co. engages in the exploration and mining of precious metals. It operates assets in Mexico's Durango state, including Velardena and Chicago precious metal mines, and processing plants for oxides and sulfides. The company also holds exploration assets in El Quevar, Argentina, and has a diversified portfolio of precious metals and mineral exploration investments near Mexico's historic production regions. Its operations are divided into Mexican operations and other exploration businesses.
