Company Shares of Primero Mining Corp (NYSE:PPP) Rally 4.1%

Primero Mining Corp (NYSE:PPP) : Traders are bullish on Primero Mining Corp (NYSE:PPP) as it has outperformed the S&P 500 by a wide margin of 34.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.1% in the last 1 week, and is up 36.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -32.63% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $3.77 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $1.97 and the 200 Day Moving Average price is recorded at $1.93.

The stock has recorded a 20-day Moving Average of 23.3% and the 50-Day Moving Average is 32.91%.


Primero Mining Corp (NYSE:PPP): stock turned positive on Friday. Though the stock opened at $2.46, the bulls momentum made the stock top out at $2.55 level for the day. The stock recorded a low of $2.3993 and closed the trading day at $2.54, in the green by 2.83%. The total traded volume for the day was 1,294,193. The stock had closed at $2.47 in the previous days trading.

Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexicos San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black River? Matheson, Ontario, Canada. The Company owns properties adjacent to the Black Fox mine: Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. In addition, it owns one development-stage project; the Cerro del Gallo gold-silver-copper project, located in the state of Guanajuato in central Mexico. Further, the Company has one exploration property, Ventanas, located in Durango State, Mexico.

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