Allied Nevada Gold Corp. (NYSEMKT:ANV) shares trading to new peaks

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Dallas, Texas 07/03/2013 (Financialstrend) – Shares of Allied Nevada Gold Corp. (NYSEMKT:ANV) closed at $5.95 on Tuesday, recording a gain of 5.10 percent. The stock price ranged between $6.38 and $5.75 during the day, with a 52-week high of $41.02 and a 52-week low of $5.40 per share.

Allied Nevada Gold Corp. (NYSEMKT:ANV) is an open-pit gold and silver producer located at Nevada. The company is a gold and silver producer engaged in mining, exploration of properties and development in the state of Nevada. 794,097 ounces of silver and 136,930 ounces of gold are produced by the Hycroft Mine as of December 2012. The company owns six properties of mineralized material, with 90 of them being exploration properties. The Exploration segment, the Corporate and Other segment and the Hycroft Mine segment are the company’s major business segments. The Exploration activities of Hycroft, the development and operations at the mines are included in the Hycroft Mine segment. Exploration and development of the other properties beyond the Hycroft Mine are included under the Exploration segment. In the third quarter the gold futures increased and in August, delivery of gold futures increased to $1.30 or 0.1 percent.

Allied Nevada Gold Corp. (NYSEMKT:ANV) recorded trading volumes of 2.69 million shares on Tuesday, whereas average trading volume is 3.39 million shares per day. Allied Nevada Gold Corp. (NYSEMKT:ANV) currently has 89.89 million shares outstanding in the market with a market cap of $534.84 million and an institutional ownership of 81 percent of the total share capital.

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