Lundin Gold (OTCMKTS:FTMNF) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

by · The Markets Daily

Lundin Gold Inc. (OTCMKTS:FTMNF – Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $65.12 and traded as high as $66.37. Lundin Gold shares last traded at $65.38, with a volume of 45,562 shares.

Lundin Gold Price Performance

The firm’s 50 day simple moving average is $64.91 and its two-hundred day simple moving average is $68.60.

Lundin Gold Company Profile

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Lundin Gold Inc is a Canadian mining company focused on the exploration, development and operation of gold assets. Its principal asset is the Fruta del Norte (FDN) underground gold mine in southeastern Ecuador, which the company owns and operates.

Fruta del Norte is a high-grade gold mine located in Ecuador’s Zamora-Chinchipe province. Commercial production began in 2019, and the operation produces gold doré and concentrate for sale to international customers. Lundin Gold also conducts exploration and development activities around the mine to evaluate additional mineral resources and opportunities to extend the operation’s productive life.

The company is headquartered in Vancouver, British Columbia, and its activities are primarily concentrated in Ecuador.

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