Almaden Minerals (NYSEAMERICAN:AAU) Trading 8.3% Higher

Shares of Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) traded up 8.3% on Tuesday . The company traded as high as $0.54 and last traded at $0.52, 314,105 shares were traded during trading. An increase of 49% from the average session volume of 210,486 shares. The stock had previously closed at $0.48.

The company has a 50-day moving average of $0.74.

In related news, insider Rodwell Ian acquired 4,740,774 shares of Almaden Minerals stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $0.01 per share, for a total transaction of $42,666.97.

An institutional investor recently raised its position in Almaden Minerals stock. Virtu Financial LLC boosted its holdings in Almaden Minerals Ltd. (NYSEAMERICAN:AAU) (TSE:AMM) by 308.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,801 shares of the basic materials company’s stock after purchasing an additional 36,108 shares during the quarter. Virtu Financial LLC’s holdings in Almaden Minerals were worth $31,000 at the end of the most recent quarter.

About Almaden Minerals (NYSEAMERICAN:AAU)

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. It holds a 100% interest in its principal property, the Ixtaca (Tuligtic) project that covers an area of approximately 7,200 hectares located in Puebla State, Mexico.

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