Eldorado Gold Corp: Firming up at prior low on heavy volume (NYSE:EGO)

by Josh Eldorado Gold Corp. ($EGO) was last at $6.12 on a volume of 5,004,500 shares Average daily volume has been 5,149,290 shares, putting EGO to trade about twice the average volume today.

Shares are in a downtrend, trading below the 200 day moving average. Shares are, however, forming a potential double bottom, a bullish reversal chart pattern. Shares are trading well below the 200 day SMA, currently at $8.38 or 37% above the current price of EGO.

52 Week Range $5.56-$15.64 Market Cap 4,378,262,273 Average Volume 7,411,012 Dividend Yield 1.71% Institutional Ownership 61.60% Insider Ownership: 0.00% Percentage of Float Short 0.50% Beta 0.07

Eldorado Gold Corp is a gold exploration, development, mining and production company. It owns and operates gold, iron ore and silver-lead-zinc mines.

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