Stocks hitting new 52 week highs on September 9 are Minefinders Corp. Ltd, Pharmasset, Inc, Royal Gold, Inc, Richmont Mines Inc, and Banro Corporation. 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 Minefinders Corp. Ltd (MFN) had a total return adjusted 52 week high today of $17.95 per share and are currently trading at $17.78. The stock fell by 0.67% or $-0.12/share to $17.78. The stock recorded a trading volume of 401610 today. This represents 1.77 times the average volume for Minefinders Corp. Ltd. 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $76.67 per share and are currently trading at $76.62. The stock traded higher by 0.60% or $0.46/share to $76.62. The stock recorded a trading volume of 448687 today. This represents 1.13 times the average volume for Pharmasset, 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 Royal Gold, Inc (RGLD) had a total return adjusted 52 week high today of $82.98 per share and are currently trading at $82.82. The stock traded higher by 0.58% or $0.48/share to $82.82. The stock recorded a trading volume of 367589 today. This represents 1.31 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 $12.04 per share and are currently trading at $11.90. The stock fell by 1.08% or $-0.13/share to $11.90. The stock recorded a trading volume of 298547 today. This represents 1.98 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 Banro Corporation (BAA) had a total return adjusted 52 week high today of $5.24 per share and are currently trading at $5.14. The stock fell by 1.15% or $-0.06/share to $5.14. The stock recorded a trading volume of 138071 today. This represents 1.45 times the average volume for Banro Corporation. 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.
