Hidden Valley miner’s value plummets

Hidden Valley miner hits trouble in the financial markets

Harmony Gold losses over 25% of its value in four weeks

Hidden Valley mine

Hidden Valley mine

Company Shares of Harmony Gold Mining Company Limited Drops by -9.46%

Rick Lambert | News Watch International

Harmony Gold Mining Company Limited has lost 9.46% during the past week and dropped 25.97% in the last 4 weeks. The shares are however, marginally negative as compared to the S&P 500 for the past week with a loss of 8.83%. Harmony Gold Mining Company Limited has underperformed the index by 25.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

On July 21, 2014 The shares registered one year high of $3.29 and one year low was seen on June 5, 2015 at $1.34. The 50-day moving average is $1.73 and the 200 day moving average is recorded at $2.06. S&P 500 has rallied 7.25% during the last 52-weeks.

Company shares have received an average consensus rating of Hold for the current week Shares of Harmony Gold Mining Company Limited ended Friday session in red amid volatile trading. The shares closed down 0.04 points or 2.9% at $1.34 with 1,857,850 shares getting traded. Post opening the session at $1.36, the shares hit an intraday low of $1.34 and an intraday high of $1.37 and the price vacillated in this range throughout the day. The company has a market cap of $584 million and the number of outstanding shares has been calculated to be 436,187,000 shares. The 52-week high of Harmony Gold Mining Company Limited is $3.29 and the 52-week low is $1.34.

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea (PNG). The Company has 11 underground mines, one open-pit mine and several surface operations, mostly in South Africas Witwatersrand Basin, as well as in the Kraaipan Greenstone Belt. In PNG, the Company has a 50% joint venture with Newcrest Mining Limited in the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project, and extensive exploration tenements. Its own (100%-owned) exploration portfolio focuses principally on highly-prospective areas in PNG. As of June 30, 2013, the Companys mining operations reported total proved and probable reserves of 51.5 million ounces (including gold equivalent ounces), primarily from South African sources. During the fiscal year ended June 30, 2013 (fiscal 2013), the Company processed 20.7 million tons of ore.

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Filed under Financial returns, Papua New Guinea

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