Shares of Iamgold Corporation (IAG) Sees Large Outflow of Money

Iamgold Corporation (IAG): The stock had negative money flow to the tune of ($2.7 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $7.2 million, whereas, the outflow of money on downticks was $9.9 million and the ratio between the two was 0.73. The block trade had a negative net money flow of ($0.52 million). The total block trade value undertaken on upticks was $0.32 million. On the other hand, downticks amounted to $0.84 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.38. Iamgold Corporation (IAG) closed with marginal gains of 1 cents to end the day at $4.81, an increase of 0.21% over the previous days close. The stock recorded -0.62% for the week.


The stock has recorded a 20-day Moving Average of 10.88% and the 50-Day Moving Average is 23.25%. Shares have rallied 170.00% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $4.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.94 and the 200 Day Moving Average price is recorded at $2.75.

Iamgold Corporation (NYSE:IAG): The stock opened at $4.69 on Thursday but the bulls could not build on the opening and the stock topped out at $4.84 for the day. The stock traded down to $4.59 during the day, due to lack of any buying support eventually closed down at $4.78 with a loss of -0.42% for the day. The stock had closed at $4.80 on the previous day. The total traded volume was 9,954,659 shares.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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