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.

For more information on Alacer Gold Corp and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Industrial Goods Sector Bolstered by 3.03% Midday Gain for Industrial Services of America Inc. (IDSA) on September 28

Industrial Services of America Inc. (IDSA) has lent support to NYSE and NASDAQ listed companies …