Alacer Gold Corp (ASR) Trading Down 5.3%

Shares of Alacer Gold Corp (TSE:ASR) dropped 5.3% during mid-day trading on Monday . The stock traded as low as C$2.12 and last traded at C$2.13. Approximately 285,150 shares were traded during trading, a decline of 77% from the average daily volume of 1,248,410 shares. The stock had previously closed at C$2.25.

Separately, National Bank Financial lifted their target price on Alacer Gold Corp from C$3.50 to C$3.75 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Alacer Gold Corp currently has a consensus rating of “Buy” and a consensus price target of C$3.45.

The stock’s 50 day moving average is $2.15 and its 200 day moving average is $2.28. The firm has a market cap of $608.16 million and a P/E ratio of 25.938.

In other Alacer Gold Corp news, Director Thomas Robert Bates purchased 50,000 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average price of C$2.10 per share, for a total transaction of C$105,000.00.

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About Alacer Gold Corp

Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.

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