Royal Gold Inc. (RGLD) Moves Lower on Volume Spike for June 16

Equities Staff |

Royal Gold Inc. (RGLD) traded on unusually high volume on Jun. 16, as the stock lost 0.56% to close at $75.03. On the day, Royal Gold Inc. saw 949,517 shares trade hands on 5,245 trades. Considering that the stock averages only a daily volume of 558,743 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $87.74 and $60.21 over the last 52-weeks, its 50-day SMA is now $75.12, and its 200-day SMA $70.71. Royal Gold Inc. has a P/B ratio of 2.16. It also has a P/E ratio of 48.1.

Royal Gold Inc manages precious metal royalties and streams, with a focus on gold. The company enters into agreements with mine operators for the right to purchase all or a portion of one or more metals produced, for an upfront deposit.

Headquartered in Denver, CO, Royal Gold Inc. has 21 employees and is currently under the leadership of CEO Tony Jensen.

For a complete fundamental analysis analysis of Royal Gold Inc., check out Equities.com’s Stock Valuation Analysis report for RGLD.

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To get more information on Royal Gold Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: RGLD’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’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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