With 428.50M Outstanding Shares, Can Equinox Gold Corp (AMEX: EQX) Deliver Big Short-Term Gains?

Equinox Gold Corp (AMEX:EQX) currently has a daily average trading volume of 3.72M but it saw 5181135 shares traded in last market. With a market cap of 3.48B USD, the company’s current market price of $5.81 came rising about 11.95 while comparing to the previous closing price of $5.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.50 and as low as $3.95. In the recent trading on the day, stock has struck highest price mark of $5.23 while lowest mark touched by it was $5.82.

Taking a look at 20-day trading activity of Equinox Gold Corp (EQX) gives us an average price of $5.70, while its current price level is -10.62% below from 52-week high level whereas it is 47.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.81 while that of 200 days or SMA-200 reads an average of $5.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.71% during that period while stretching the period over a month that decreases to 4.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.78 which implies that the stock is in neutral territory.

Over the week, EQX’s stock price is moving 4.87% up while it is 3.20% when we observe its performance for the past one month. Year-to-date it is 18.81% up and over the past year, the stock is showing an upside performance of 21.55%.

Currently, Equinox Gold Corp’s total number of outstanding shares is 428.50M. Company’s return on investment (ROI) stands at 5.50% and return on equity (ROE) at 8.72%. It has a price to earnings ratio (P/E ratio) of 12.03 while having a 5.65 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 2.81. Its return on asset (ROA) is 4.41% on average.