Stocks hitting new 52 week highs on September 5 are NGL ENERGY PARTNERS LP Common U, Yamana Gold, Inc, Royal Gold, Inc, Richmont Mines Inc, and Eldorado Gold Corp. 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 NGL ENERGY PARTNERS LP Common U (NGL) had a total return adjusted 52 week high today of $21.82 per share and are currently trading at $22.07. The stock traded higher by 1.75% or $0.38/share to $22.07. The stock recorded a trading volume of 83460 today. This represents 2.62 times the average volume for NGL ENERGY PARTNERS LP Common U. 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 $16.18 per share and are currently trading at $16.83. The stock traded higher by 4.66% or $0.75/share to $16.83. The stock recorded a trading volume of 14823426 today. This represents 1.41 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.
Shares of Royal Gold, Inc (RGLD) had a total return adjusted 52 week high today of $78.22 per share and are currently trading at $78.97. The stock traded higher by 3.04% or $2.33/share to $78.97. The stock recorded a trading volume of 875327 today. This represents 1.14 times the average volume for Royal Gold, Inc. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of Richmont Mines Inc (RIC) had a total return adjusted 52 week high today of $11.32 per share and are currently trading at $11.22. The stock traded higher by 1.08% or $0.12/share to $11.22. The stock recorded a trading volume of 871207 today. This represents 2.11 times the average volume for Richmont Mines 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.
Shares of Eldorado Gold Corp (EGO) had a total return adjusted 52 week high today of $20.68 per share and are currently trading at $20.85. The stock traded higher by 2.41% or $0.49/share to $20.85. The stock recorded a trading volume of 4897172 today. This represents 1.07 times the average volume for Eldorado Gold Corp. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
