Home / Market Movers / Lunch Break Update: Alacer Gold Corp. (ASR:CA) Adds 2.18% to Lead TSX Composite Materials Stocks on September 22

Lunch Break Update: Alacer Gold Corp. (ASR:CA) Adds 2.18% to Lead TSX Composite Materials Stocks on September 22

Alacer Gold Corp. (ASR:CA) is one of the best performing stocks in the materials sector in the S&P/TSX Composite Index at the lunch break on September 22. Shares of ASR:CA have climbed 2.18% about halfway through the session to $3.75 after closing the day prior at $3.67. So far, the stock has traded as high as $3.77 and as low as $3.66 in morning action. Today’s advance has come with about 371,363 shares changing hands, compared to an average 30-day volume of 1.1 million for Alacer Gold Corp.. The price is currently below the 30-day volume weighted average price of $3.72 for ASR:CA.

The share appreciation gives the materials company a market capitalization of $1.07 billion based upon 291.94 million shares outstanding. It also means that Alacer Gold Corp has a price-to-book ratio of 1.25:1 and a price-to-earnings ratio of 24.0:1.

In the past 52 weeks, shares of ASR:CA have traded as low as $2.075 and as high as $3.79. Technical traders will take note that at $3.75, shares of ASR:CA are trading above their 200-day MA at $2.89 and above their 50-day MA at $3.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Alacer Gold Corp?

Alacer Gold Corp is a gold mining company. The Company is engaged in mining and exploration of Copler Gold Mine project in Turkey. The company’s 420 employees are led by CEO Rod Antal from the corporate headquarters at 9635 Maroon Circle.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.


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