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A Tale of Resilience: SSR Mining Inc Amid Stock Market Turbulence

TOST Stock

SSR Mining Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $15.27 on 08/30/23, and the lowest price during that time was $3.76, recorded on 02/13/24.

52-week price history of SSRM Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. SSR Mining Inc’s current trading price is -64.41% away from its 52-week high, while its distance from the 52-week low is 44.55%. The stock’s price range during this period has fluctuated between $3.76 and $15.27. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 1.16 million for the day, which was evidently lower than the average daily volume of 3.52 million over the last three months.

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Financial Performance and Market Capitalization

SSR Mining Inc (SSRM) has experienced a quarterly decline of -0.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.10B and boasts a workforce of 5400 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.94, with a change in price of +1.19. Similarly, SSR Mining Inc recorded 3,769,938 in trading volume during the last 100 days, posting a change of +28.05%.

SSRM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SSRM stands at 0.10. Similarly, the long-term debt-to-equity ratio is also 0.10.

SSRM Stock Stochastic Average

The raw stochastic average for SSR Mining Inc over the last 50 days is presently at 69.50%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 87.01%. Further, the company’s Stochastic %K and %D values for the last 20 days were 82.81% and 80.18%, respectively.

SSRM Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -49.49%. However, over the past six months, we’ve seen a stronger performance of -42.97%. The price of SSRM fallen by 22.69% over the last 30 days. And in the last five days, it has surged by 1.59%.

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