SSR Mining (TSE:SSRM) Shares Up 2.8% – What’s Next?

SSR Mining Inc. (TSE:SSRM) shot up 2.8% on Thursday . The stock traded as high as C$7.78 and last traded at C$7.75. 371,087 shares were traded during mid-day trading, a decline of 33% from the average session volume of 552,177 shares. The stock had previously closed at C$7.54.

SSR Mining Stock Performance

The company’s 50-day simple moving average is C$7.98 and its 200 day simple moving average is C$7.33. The company has a current ratio of 3.54, a quick ratio of 3.80 and a debt-to-equity ratio of 8.07. The stock has a market cap of C$1.57 billion, a P/E ratio of -2.41, a PEG ratio of 5.64 and a beta of 0.94.

Insiders Place Their Bets

In other news, Senior Officer Michael John Sparks sold 20,087 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.75, for a total value of C$155,654.16. Also, Director Rod Antal sold 61,697 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$7.75, for a total value of C$478,090.05. Insiders own 0.91% of the company’s stock.

SSR Mining Company Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.