Thursday, 30 June 2016

Market Signals Most Active Stocks within the Gold Sector

Gold Performance
On Wednesday, June 29, 2016, Gold prices rose as continued concerns over Britain leaving the European Union sent investors into safe-haven investing mode. Gold also benefitted from the declining U.S Dollar. The precious metal for August delivery settled up 0.7% at $1,326.90 a troy ounce on the Comex division of the New York Mercantile Exchange. In the medium term, gold is expected to remain strong under the unlikelihood that the Fed will raise rates in the coming meetings.

Most Active - Barrick Gold

On Wednesday, shares in The Barrick Gold Corp. recorded heavy trading volume of 24.45 million shares, higher than its three months average volume of 19.24 million shares. Barrick Gold's shares ended the trading session at $20.77, up 0.68% from its previous closing price. The stock moved between an intraday range of $20.74 and $21.35. Shares of the company are up 23.85% in the last one month and 182.18% on YTD basis. The company's stock is trading 13.29% above its 50-day moving average and 75.76% above its 200-day moving average.

Most Active - Yamana Gold

Shares of Yamana Gold, Inc. finished Wednesday's trading session 5.67% up at $5.22. A total of 12.99 million shares were traded, which was below its three months average volume of 15.74 million shares. The stock moved between $5.04 and $5.30 during the session. Over the last one month and the last three months, Yamana's shares have increased 25.00% and 71.88%, respectively. Since the beginning of 2016, the company's stock has advanced 181.41%. The company's shares are trading 11.97% above its 50-day average and 80.51% above its 200-day moving average.

Most Active - Gold Fields

On Wednesday, shares in Gold Fields Ltd. oscillated between an intra low of $4.62 and a session high of $4.96 before ending the day at $4.91, up 10.84%. Gold fields' shares recorded a trading volume of 8.14 million shares, which was above its three months average volume of 6.38 million shares. Shares of GFI have increased 24.62% in the last three months and 77.86% on YTD basis. The stock is trading 17.57% above its 50-day moving average; while it is 42.85% above its 200-day moving averages.

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