Stocks hitting new 52 week highs on August 10 are Central GoldTrust, and Yamana Gold, Inc. Investors are buying the stock and pushing it higher because they may think that these stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.
Shares of Central GoldTrust (GTU) had a total return adjusted 52 week high today of $68.97 per share and are currently trading at $69.89. The stock traded higher by 3.93% or $2.64/share to $69.89. The stock recorded a trading volume of 81149 today. This represents 4.31 times the average volume for Central GoldTrust. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.
Shares of Yamana Gold, Inc (AUY) had a total return adjusted 52 week high today of $14.42 per share and are currently trading at $14.36. The stock traded higher by 1.56% or $0.22/share to $14.36. The stock recorded a trading volume of 7547767 today. This represents 3.58 times the average volume for Yamana Gold, Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.
