Argonaut Gold Inc. (AR:CA) Rises 6.02% for September 10

Equities Staff  |

September 10 was a positive day for Argonaut Gold Inc. (AR:CA) as its stock finished the day having gained 6.02% to hit a price of $2.29 a share. The company reached a market cap of 408.32 million and has 178.41 million shares outstanding. Argonaut Gold Inc. is a component of the the S&P/TSX SmallCap Index.

585,843 shares changed hands over the course of the day as compared to an average volume of 628,581 over the last 30 days for Argonaut Gold Inc..

Argonaut Gold Inc is a Canadian gold company engaged in the exploration, mine development and production activities in North America. The company operates in the mining industry and its principal product is gold. It operates various projects namely El Castillo, La Colorada and San Antonio which are located in Mexico and Magino project located in the region of Canada. The group's revenue is generated from the sale of product originating from Mexico.. The company makes its home in Reno, NV, and is currently under the leadership of CEO Peter C. Dougherty.

Argonaut Gold Inc. has hit a high of $2.87 and reached a low of $1.18 over its last year of trading. The stock’s 50-day SMA is now $2.33 and 200-day SMA is $1.82. As for its price valuations, the P/E ratio is at 0 and P/B is now 0.49.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Argonaut Gold Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AR:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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