AngloGold Ashanti Limited (ADR) (NYSE:AU)’s Company Shares Increased 45.69% After Low Volatility

The shares of AngloGold Ashanti Limited (ADR) (NYSE:AU) increased by 45.69% in the last 20 days and rose 14.30% in the past 5 trading sessions. AngloGold Ashanti Limited (ADR) (NYSE:AU) shares opened at $11.61 in the last session and had intraday high of $12.09 and low of $11.60 for a lower than normal intra-day volatility. Stock trading is easier when the volatility profile is such.

About 2.26 million shares traded hands. AngloGold Ashanti Limited (ADR) (AU) has risen 77.89% since July 20, 2015 and is uptrending. It has outperformed by 87.62% the S&P500.

According to Zacks Investment Research, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia.”

AngloGold Ashanti Limited is a gold mining and exploration company. The company has a market cap of $5.13 billion. The firm works across the spectrum of the mining value chain. It currently has negative earnings. The Firm also produces silver, uranium and sulfuric acid as by-products.

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