Large Outflow of Money Witnessed in Randgold Resources Limited

Randgold Resources Limited (GOLD) : Money flow in the Randgold Resources Limited (GOLD) stock was negative (0.83 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.37 million, compared to $2.2 million on downticks. The total uptick to downtick ratio was 0.62, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.1 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.1 million, indicating persistent selling. Randgold Resources Limited (GOLD) traded $0.31 higher at $117.41 gaining 0.26% over the previous days close.


Randgold Resources Limited is up 26.88% in the last 3-month period. Year-to-Date the stock performance stands at 92.01%. Randgold Resources Limited has dropped 4.47% in the last five trading days, however, the shares have posted positive gains of 24.85% in the last 4 weeks.

Randgold Resources Limited (NASDAQ:GOLD): stock turned positive on Monday. Though the stock opened at $117.26, the bulls momentum made the stock top out at $118.15 level for the day. The stock recorded a low of $116.25 and closed the trading day at $118.06, in the green by 0.82%. The total traded volume for the day was 911,909. The stock had closed at $117.1 in the previous days trading.

Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The Company in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. The Company owns 50% of Morila Limited, which in turn owns 80% of Morila. It has an 80% controlling interest in the Loulo mine, through Societe des Mines de Loulo SA (Loulo). The Company has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). It operates Tongon gold mine in Cote dIvoire, Africa, which is located within the Nielle exploitation permit. The Company holds 45% interest in the Kibali gold mine located in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).

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