Foolproof Stock: Maverix Metals Inc. (NYSE: MMX)
On 17 Jan 2020, Maverix Metals Inc. stock identified change of 56.97% away from 52-week low price and recently located move of -9.44% off 52-week high price. MMX stock has been recorded 12.99% away from 50 day moving average and 18.30% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.54% off 20-day moving average. The Basic Materials sector company, Maverix Metals Inc. noticed change of 1.37% to $5.18 along volume of 62815 shares in recent session compared to an average volume of 76.38K.
Maverix Metals Inc (MMX) is happy to stated its operating and financial results for the third quarter ended September 30, 2019.
Third Quarter 2019 Highlights
Record quarterly revenue of $14.0M;
Record cash flow from operating activities, not including changes in non-cash working capital of $10.2M1,
Record net income of $2.4M;
Record attributable gold equivalent ounces produced2 of 7,162 ounces and record attributable gold equivalent ounces1 sold of 7,208 ounces;
Average cash cost per attributable gold equivalent ounce sold of $223, resulting in cash operating margins of $1,715 per ounce1;
Purchased an additional 1.5% net smelter return royalty on TMAC Resources’ Hope Bay mine in Nunavut, Canada; and
Amended and increased revolving credit facility to US$120M.
“Maverix had an excellent third quarter, posting new quarterly records for attributable gold equivalent ounces, total revenue, and net income” commented Dan O’Flaherty, President and CEO of Maverix. “We are well positioned to meet our yearly guidance and look forward to continuing to build about and grow the cash generating portfolio we have established.”
MMX’s shares are at 15.37% for the quarter and driving a 42.07% return over the course of the past year and is now at 1.79% since this point in 2018. The average volatility for the week at 2.91% and for month was at 4.33%.
Willard Shelton – Technology
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