Shares of Coeur Mining (CDE) Sees Large Outflow of Money

Coeur Mining (CDE) : The total money flow in Coeur Mining (CDE) was negative ($2.52 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $8.96 million. In comparison, the inflow of money into the stock on upticks was $6.44 million. The uptick to downtick ratio was 0.72. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.72 million. The negative money flow of ($2.72 million) confirms the selling in Coeur Mining (CDE) on strength. Coeur Mining (CDE) gained $0.5 at $13.51, a gain of 3.81% over the previous days close. However, the stock registered 7.1% in the week.


The stock has recorded a 20-day Moving Average of 27.45% and the 50-Day Moving Average is 50.56%. Shares have rallied 142.51% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $12.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.35 and the 200 Day Moving Average price is recorded at $5.87.

Coeur Mining (NYSE:CDE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.94 and $12.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.64, notching a gain of 4.84% for the day. The total traded volume was 6,482,481 . The stock had closed at $13.01 on the previous day.

In an insider trading activity, Mellor Robert E, director officer (Chairman (non-executive)) of Coeur Mining, Inc. had purchased 2,000 shares on April 29, 2016 in a transaction. The price per share was $7.84 and the total amount of the disclosed transaction was $15,680.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *