Wednesday, October 27, 2010

Allied Nevada Gold (Amex:ANV) Upgraded by RBC Capital

Allied Nevada Gold (Amex:ANV) was upgraded by RBC Capital from "Sector Perform" to "Outperform."

Since the latter part of July, when Allied was as low as $15.70 a share, they've rebounded to $24.77, where they closed at on Monday. Trading volume was also over 50 percent higher than the 3-month average of 918,000.

Allied operates in the State of Nevada, with its flagship property being the Hycroft Mine, which includes gold and silver as a byproduct.

Its close at $24.77 was a gain of $1.23 on the day, or 5.32 percent. They have market cap of 2.19 billion.

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