Pre-Market Review on Metals and Mining Equities -- Research on Stillwater Mining, New Gold, Sandstorm Gold, and Midway Gold
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LONDON, June 9, 2014 /PRNewswire/ --
The US markets on Friday, June 6, 2014 ended on a positive note as the Dow Jones Industrial Average finished at 16,924.28, up 0.52% and the NASDAQ Composite closed at 4,321.40, up 0.59%. The S&P 500 finished the session 0.46% higher at 1,949.44. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 312.84, up 0.52%, with the index advancing 3.98% in the last one month. Investor-Edge has initiated coverage on the following equities: Stillwater Mining Co. (NYSE: SWC), New Gold Inc. (NYSE MKT: NGD), Sandstorm Gold Ltd (NYSE MKT: SAND) and Midway Gold Corp. (NYSE MKT: MDW). Free technical research on SWC, NGD, SAND and MDW can be downloaded upon signing up at:
http://www.investor-edge.com/3569-register
On Friday, shares in Stillwater Mining Co. fluctuated between $17.02 and $17.39 before ending the session 1.58% higher at $17.33. The stock reported a trading volume of 1.43 million shares, below its three months average volume of 2.59 million shares. Shares of the company traded at a PE ratio of 24.22. Stillwater Mining Co.'s shares have gained 3.90% in the previous three trading sessions, 14.09% in the last one month, and 40.44% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $15.94 and $13.12, respectively. Moreover, shares of Stillwater Mining Co. have a Relative Strength Index (RSI) of 62.27. Sign up today to read free research on SWC at:
http://www.investor-edge.com/3569-SWC-09Jun2014.pdf
New Gold Inc.'s stock closed the day at the previous day's closing price of $5.49. The stock recorded a trading volume of 1.42 million shares, below its three months average volume of 2.65 million shares. The company's oscillated between $5.41 and $5.55 during the session. Over the last three trading sessions and over the past one month, New Gold Inc.'s shares have gained 4.77% and 11.59%, respectively. Further, the stock has advanced 4.77% since the start of this year. The stock is trading above its 50-day moving average of $5.11, while the 50-day moving average is below New Gold Inc.'s 200-day moving average of $5.63. Additionally, the stock has an RSI of 63.53. Sign up today to read free research on NGD at:
http://www.investor-edge.com/3569-NGD-09Jun2014.pdf
On Friday, shares in Sandstorm Gold Ltd recorded a trading volume of 0.32 million shares, lower than its three months average volume of 0.70 million shares. The stock ended the day at $5.25, which was 0.57% below its previous day's closing of $5.28, and registered an intraday range of $5.17 and $5.27. Although Sandstorm Gold Ltd.'s stock has lost 9.79% in the last one month, it has advanced 0.38% in the previous three trading sessions and 22.95% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $5.59 and $5.32, respectively. Furthermore, shares of Sandstorm Gold Ltd have an RSI of 39.76. Sign up today to read free research on SAND at:
http://www.investor-edge.com/3569-SAND-09Jun2014.pdf
Midway Gold Corp.'s stock finished the Friday's session at the previous day's closing price of $0.83. A total of 0.82 million shares were traded, which was above its three months average volume of 0.54 million shares. The stock vacillated between $0.81 and $0.84 during the session. Over the previous three trading sessions and over the last one month, Midway Gold Corp.'s shares have gained 3.75% each. Additionally, from the beginning of 2014, the company's stock has advanced 2.47%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $0.98 is greater than its 50-day moving average of $0.89. Midway Gold Corp.'s stock has an RSI of 46.32. Sign up today to read free research on MDW at:
http://www.investor-edge.com/3569-MDW-09Jun2014.pdf
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EDITOR'S NOTES:
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