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Sunday, April 2, 2023

Is Almaden Minerals Ltd. (AMEX: AAU) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Almaden Minerals Ltd. (AAU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -3.14%, to $0.19. The Almaden Minerals Ltd. has recorded 229 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Almaden Responds to Court Submissions by Mexico’s Ministry of Economy to Deny Twenty Year-Old Ixtaca Mineral Title Applications.

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Stocks Info

AAU belongs to the Basic Materials sector of the AMEX while operating in the Gold industry. At the end of the last regular session, the stock closed at $0.20 and fluctuated between $0.1999 as its day high and $0.1807 as its day low. The current market capitalization of Almaden Minerals Ltd. is $27.01M. A total of 0.57 million shares were traded on the day, compared to an average of 240.94K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AAU has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AAU in the last 3 months, the mean price target is $0.20 with high estimates of $0.20 and low estimates of $0.20. In terms of 52-week highs and lows, AAU has a high of $0.47 and a low of $0.19.

As of this writing, AAU has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AAU is Buy with a score of 5.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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