Saturday, May 15, 2010

Allied Nevada Gold's (AMEX:ANV) Strong Sales

Allied Nevada Gold (AMEX:ANV) had tremendous sales grow over their last fiscal year, leading gold companies when measured in percentages, increasing by 632.2 percent during that time.

Sales for the last year have come to $63.5 million for the gold miner, with estimated sales in the next fiscal year expected to reach about $166 million.

Allied recently said they're going to sell 13 million shares of their stock, which caused the price of the stock to decline quickly from its yearly high of $22.92 a share.

They've dropped down to $19.88 a share as of 5:30 P.M. EST.

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