Large Inflow of Money Witnessed in Hecla Mining Company

Hecla Mining Company (HL) : $5.92 million worth of transactions were on upticks in Hecla Mining Company (HL), compared to $4.54 million on downticks. The ratio between the two was 1.3, whereas, the net money flow stood at a healthy $1.38 million on Thursdays session.The block trades show a bullish bias with only $0.42 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $1.02million worth of trades. The up-down ratio between the uptick and downtick was 2.4, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $0.59 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -2.95%. The stock was trading at $5.59, with a drop of $0.17 over the previous days close. The stock recorded 2.76% for the week.


Hecla Mining Company (HL) : The most positive equity analysts on Hecla Mining Company (HL) expects the shares to touch $4, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $3.17 with an expected fluctuation of $0.97 from the mean. The stock has recorded a 20-day Moving Average of 18.5% and the 50-Day Moving Average is 28.47%.

Hecla Mining Company (NYSE:HL): The stock opened at $5.65 on Thursday but the bulls could not build on the opening and the stock topped out at $5.68 for the day. The stock traded down to $5.43 during the day, due to lack of any buying support eventually closed down at $5.66 with a loss of -1.74% for the day. The stock had closed at $5.76 on the previous day. The total traded volume was 9,505,284 shares.

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.

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