Notable News to Watch: SSR Mining Inc. (NASDAQ:SSRM)

 SSR Mining Inc. (NASDAQ:SSRM) spotted trading -16.68% off 52-week high price. On the other end, the stock has been noted 73.55% away from the low price over the last 52-weeks. The stock changed 3.39% to recent value of $14.63. The stock transacted 1002155 shares during most recent day however it has an average volume of 1299.22K shares. The company has 125.17M of outstanding shares and 121.53M shares were floated in the market.  

On Sept. 19, 2019,  SSR Mining Inc. (NASDAQ:SSRM) (TSX: SSRM) announces that the transaction to acquire the remaining 25% interest in Puna Operations Inc. (Puna Operations) from Golden Arrow Resources Corporation (TSX-V: GRG) closed on September 18, 2019. With the completion of the transaction, SSR Mining now owns 100% of Puna Operations. This transaction was previously announced in our news release dated July 22, 2019.

About SSR Mining

SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S.,the Seabee Gold Operation in Saskatchewan, Canada and Puna Operations in Jujuy, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.  Its earnings per share (EPS) expected to touch remained -89.90% for this year. SSRM has a gross margin of 19.70% and an operating margin of 9.40% while its profit margin remained 4.00% for the last 12 months. 

 According to the most recent quarter its current ratio was 4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.76% from the mean of 20 days, -6.65% from mean of 50 days SMA and performed 10.41% from mean of 200 days price. Company’s performance for the week was 0.14%, -7.05% for month and YTD performance remained 21.01%.

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