Shares of Harmony Gold Mining Company Limited (HMY) Sees Large Inflow of Net Money Flow

Harmony Gold Mining Company Limited (HMY) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $2.25 million worth of transactions were on upticks, whereas, the downticks accounted for $1.69 million worth of transactions. The net money flow was a positive $0.56 million and the uptick to downtick ratio was 1.34. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.18 in their favor. The net money flow into the stock was $0.37 million. The value of block trades done on downticks was only $0.17 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.54 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Harmony Gold Mining Company Limited (HMY) was trading at $3.85, down $0.07 during day. The stock slid -1.79% over the previous days close. For the week, the stock recorded -0.52% over the previous weeks close.


The company Insiders own 16.02% of Harmony Gold Mining Company Limited shares according to the proxy statements. Institutional Investors own 27.05% of Harmony Gold Mining Company Limited shares.

Harmony Gold Mining Company Limited (NYSE:HMY): The stock opened at $3.91 and touched an intraday high of $4.02 on Friday. During the day, the stock corrected to an intraday low of $3.79, however, the bulls stepped in and pushed the price higher to close in the green at $4.02 with a gain of 2.55% for the day. The total traded volume for the day was 9,611,949. The stock had closed at $3.92 in the previous trading session.

Harmony Gold Mining Company Limited (HMY) has been under a strong bear grip, hence the stock is down -10.55% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.35% in the past 1 week. The stock has risen by 3.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.67% in the past 4 weeks.

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.

Comments (0)

Leave a Reply

Your email address will not be published.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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.