Silver Standard Resources Vancouver, Canada-based Silver Standard Resources Inc.'s stock finished Wednesday's session at $13.09, plummeting 10.59%. A total volume of 3.32 million shares was traded, which was above their three months average volume of 2.77 million shares. Over the last month and the previous three months, the Company's shares have advanced 0.85% and 41.06%, respectively. Additionally, the stock has surged 152.70% since the start of this year. Shares of the Company are trading above their 200-day moving average by 59.69%. Moreover, shares of Silver Standard Resources, which engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas, have a Relative Strength Index (RSI) of 42.23.
On August 02nd, 2016, research firm Citigroup initiated a 'Neutral' rating on the Company's stock, issuing a target price of $14 per share.
On August 10th, 2016, the company reported net income of $12.5 million and adjusted net income of $23.6 million, or $0.25 per share, for Q2 2016. The company produced 47,195 ounces of gold at cash costs of $663 per payable ounce of gold sold. The company reported that cash generated by operating activities totaled $30.2 million for the quarter. Access our complete research report on SSRI for free at: