Large Inflow of Money Detected in Randgold Resources Limited

Randgold Resources Limited (GOLD) : Thursdays money flow indicated an uptick to downtick ratio was at 1.09. The total value of inflow transactions on upticks was $31.35 million, whereas, the total value of outflow trades on downticks was $28.72 million. The total money flow was $2.63 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $5.43 million. The total value of the trades done on upticks was $5.43 million. Randgold Resources Limited (GOLD) was trading with a -1.16% change over previous days close. It fell $1.4 during the day and reached $118.9. The stock was -2.8% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 9.71% and the 50-Day Moving Average is 22.83%. Shares have rallied 91.20% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $126.55 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $98.79 and the 200 Day Moving Average price is recorded at $87.68.

Randgold Resources Limited (NASDAQ:GOLD): The stock opened at $117.90 on Thursday but the bulls could not build on the opening and the stock topped out at $119.93 for the day. The stock traded down to $116.87 during the day, due to lack of any buying support eventually closed down at $118.90 with a loss of -1.16% for the day. The stock had closed at $120.30 on the previous day. The total traded volume was 1,088,954 shares.

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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