Redefining this week’s move: Randgold Resources Limited

by Josh Randgold Resources Limited ($GOLD) is move up on strong volume today. Shares are up 4.69% to $64.95 on a volume of 1,406,125 shares, already 152% above the normal daily volume here at 2 pm EST.

Shares are reversing this weeks bearish price action with today’s price action. Randgold Resources Limited ($GOLD) shares have shed half of their value since hitting a high of $127.27 last October. Shares hit a low of 60.44 on Wednesday.

Shares are trading below both the 50 day and 200 day moving average at $74.91 and $92.64 respectively.

52 Week Range $60.44-$127.27 Market Cap 5,950,440,414 Average Volume 927,807 Dividend Yield 0.77% Institutional Ownership 54.10% Insider Ownership: 0.00% Percentage of Float Short 1.40% Beta 0.54

Randgold Resources Ltd is engaged in the exploration and development of gold deposits in Sub-Saharan Africa.

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