Alamos Gold (AGI) Shares are Down -8.39%

Alamos Gold (AGI) has risen sharply, recording gains of 9.95% in the past 4 weeks. However, the stock has corrected -8.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Alamos Gold (NYSE:AGI): The stock opened at $8.75 on Friday but the bulls could not build on the opening and the stock topped out at $8.88 for the day. The stock traded down to $8.62 during the day, due to lack of any buying support eventually closed down at $8.73 with a loss of -2.02% for the day. The stock had closed at $8.91 on the previous day. The total traded volume was 854,670 shares.


The stock has recorded a 20-day Moving Average of 4.67% and the 50-Day Moving Average is 10.04%. Alamos Gold, Inc. is up 42.88% in the last 3-month period. Year-to-Date the stock performance stands at 165.35%.

Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province, Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project, which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property, which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.

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