Shares of Allied Nevada Gold Corp (NYSE: ANV), engaged in the business of acquiring and exploring gold, recorded over 21.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. ANV was the top performer in the U.S. diversified mining sector after gaining 22.1% and closed at $2.04 Tuesday, while recording significant trading volumes of 9.1 million shares. The hike in the stock’s price resulted as the gold price witnessed rally due to weakened U.S dollar. During the past 5-trading sessions, ANV gained 80.5% with daily average trading volumes of 5.6 million shares, while the stock fell by 16.0% during the past one month with daily average trading volumes of 4.9 million shares.
Company Description:
Allied Nevada Gold Corporation (NYSE: ANV) evaluates, acquires, explores, and advances gold exploration and potential development projects. The company’s holdings include projects in Nevada, California, Idaho and Colorado in the United States, as well as Bolivia, Mexico, Indonesia and Australia.
1-Year Stock Chart:
Source: Bloomberg
