Large Outflow of Money Witnessed in Coeur Mining

Coeur Mining (CDE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.87 million) in Coeur Mining (CDE). On Monday, The value of composite uptick trades was $3.85 million, whereas, the value of composite downtick trades was $5.72 million and the ratio between the two was 0.67, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.74 million. $0.14 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.08. The negative money flow of ($1.6 million) shows selling on strength. Coeur Mining (CDE) gained $0.04 intraday at $13.75 and registrered 0.26% for the week.


Coeur Mining, Inc. is up 106.04% in the last 3-month period. Year-to-Date the stock performance stands at 464.11%. Shares of Coeur Mining, Inc. rose by 9.47% in the last five trading days and 55.27% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman (non-executive)) of Coeur Mining, Inc., Mellor Robert E, had purchased 2,000 shares in a transaction dated on April 29, 2016. The transaction was executed at $7.84 per share with total amount equaling $15,680.

Coeur Mining (NYSE:CDE): stock turned positive on Monday. Though the stock opened at $13.71, the bulls momentum made the stock top out at $13.99 level for the day. The stock recorded a low of $13.54 and closed the trading day at $13.99, in the green by 2.04%. The total traded volume for the day was 5,136,219. The stock had closed at $13.71 in the previous days trading.

Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.

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