Shares of Eldorado Gold Corporation (EGO) Drops by -3.77%

Eldorado Gold Corporation (EGO) has risen sharply, recording gains of 16.31% in the past 4 weeks. However, the stock has corrected -3.77% 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 11.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 5.88% and the 50-Day Moving Average is 7.59%.

Eldorado Gold Corporation (NYSE:EGO): The stock opened at $4.84 on Friday but the bulls could not build on the opening and the stock topped out at $5.00 for the day. The stock traded down to $4.82 during the day, due to lack of any buying support eventually closed down at $4.85 with a loss of -1.02% for the day. The stock had closed at $4.90 on the previous day. The total traded volume was 5,181,518 shares.


Institutional Investors own 54.91% of Eldorado Gold Corporation shares.

Eldorado Gold Corporation owns and operates mines around the world. The Companys activities involve various facets of the mining industry, including exploration, development, production and reclamation. Its operating gold mines include Kisladag in Turkey (100%), Efemcukuru in Turkey (100%), Tanjianshan in China (90%), White Mountain in China (95%) and Jinfeng in China (82%). Its gold projects include Perama Hill in Greece (100%), Olympias in Greece (95%), Skouries in Greece (95%), Certej in Romania (81%), Eastern Dragon in China (75%) and Tocantinzinho in Brazil (100%). Its other operating mines include Stratoni Lead and Zinc Concentrates in Greece (95%) and Vila Nova Iron Ore in Brazil (100%). The Company has completed an exploration program in Romania at the Bocsa, Magura, Muncel, Brad and Deva projects, which are situated in the Apuseni district near the Certej deposit.

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