On a relative basis, the stock has outperformed the S&P 500 by 24.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.12% in the last 1 week, and is up 29.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 17.07% and the 50-Day Moving Average is 26.84%.
Harmony Gold Mining Company Limited (NYSE:HMY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.40 and $4.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.51, notching a gain of 0.22% for the day. The total traded volume was 5,111,689 . The stock had closed at $4.50 on the previous day.
The company Insiders own 16.02% of Harmony Gold Mining Company Limited shares according to the proxy statements. Institutional Investors own 37.71% of Harmony Gold Mining Company Limited shares.
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Companys operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations. The Companys operations in Papua New Guinea form part of a 50% joint venture with Newcrest Mining Limited. These operations include the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project and exploration tenements. In addition to its joint venture work, Harmony also has a 100%-owned exploration portfolio that focuses on prospective areas in Papua New Guinea. The Golpu project is a differentiating feature for Harmony and is one of the gold copper porphyries in South East Asia with an expected life-span of approximately 40 years. It has a diameter of approximately 600 meters and a proven depth of approximately 1,700 meters.