The AGI stock price fluctuated between $7.99 and $8.21 throughout the trading session with the volume trading being 710303 shares, which represented a negative variation when compared to the three months average volume of 2M shares.
The share price of Alamos Gold Inc. (NYSE:AGI) dipped -1.23% to close Friday’s market session at $8.02, lower as compared to yesterday’s close which brings the market valuation of the company to $3.15B.
The 52-week high for the Alamos Gold Inc.’s shares is $11.22. That puts it -28.52% from that peak but still a -23.40% gain since the share price dropped to a 52-week low of $7.02, while the S&P 500’s share price change was of 35.10%.
The company currently has a 21.77 P/E ratio and a price target of $8.82.
What does the trading volume tell us about the AGI stock?
During the last trading session, Alamos Gold Inc. (NYSE:AGI) has seen decay in its daily volume. The daily volume was of 2M, while in the last 10 days the average was 2.46M and last three months – 2.42M.
The decreasing interest in the AGI stock from the investors is helping to drive the stock price down.
Growing short interest
The Alamos Gold Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 3.92M shares being shorted which translates into 1.45 of a short ratio for AGI, while in the previous month the shorted shares were 2.15M.
Alamos Gold Inc. (NYSE:AGI) financials
With a market cap of 3.15B, Alamos Gold Inc. holds a total cash of $256.3M that translates into $0.65 per share.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 54.60%. The current revenue is of $867.5M that is $1.91 per share.
This is a great sign for a bright future.