Primero Mining Corp. (P:CA) Rises 125% for January 12

Equities Staff  |

January 12 was a positive day for Primero Mining Corp. (P:CA) as its stock finished the day having gained 125% to hit a price of $0.27 a share. The company reached a market cap of 52.06 million and has 192.82 million shares outstanding. Primero Mining Corp. is a component of the the S&P/TSX SmallCap Index.

18.52 million shares changed hands over the course of the day as compared to an average volume of 674,486 over the last 30 days for Primero Mining Corp..

Primero Mining Corp is a Canadian-based gold mining company. The company operates in two geographic areas; Mexico and Canada. It has three operating segments: the San Dimas mine, the Black Fox Complex and the Cerro del Gallo project.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Joseph F. Conway.

Primero Mining Corp. has hit a high of $1.21 and reached a low of $0.08 over its last year of trading. The stock’s 50-day SMA is now $0.09 and 200-day SMA is $0.32. As for its price valuations, the P/E ratio is at 0 and P/B is now 0.24.

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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 Primero Mining Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: P: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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