Midway Gold Corp. (MDW) was a big mover last session, as its shares rose almost 18% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $0.80 to $0.91 in the past one-month timeframe.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Midway Gold currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other well-performing stocks in the gold mining industry include Alamos Gold Inc. (AGI), DRDGOLD Ltd. (DRD) and Gold Fields Ltd. (GFI). All three carry the same Zacks Rank as Midway Gold.
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