Alacer Gold (ASR) Sets New 52-Week Low at $2.10

Alacer Gold Corp (TSE:ASR) shares reached a new 52-week low during trading on Friday . The stock traded as low as C$2.10 and last traded at C$2.10, with a volume of 276055 shares traded. The stock had previously closed at C$2.24.

Separately, BMO Capital Markets boosted their price objective on shares of Alacer Gold from C$2.50 to C$3.25 in a research note on Thursday, August 2nd.

Alacer Gold (TSE:ASR) last issued its quarterly earnings results on Tuesday, July 31st. The mining company reported C($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.17). Alacer Gold had a net margin of 34.91% and a return on equity of 11.72%. The company had revenue of C$41.74 million for the quarter.

In other Alacer Gold news, Director Edward Camp Dowling sold 360,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of C$2.70, for a total transaction of C$972,000.00.

About Alacer Gold (TSE:ASR)

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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