Coverage of Metals & Mining Equities -- Research on Allied Nevada Gold, Gold Resource, Novagold Resources, and AuRico Gold

LONDON, May 7, 2014 /PRNewswire/ --

On Tuesday, May 06, 2014, the NASDAQ Composite ended at 4,080.76, down 1.38%, the Dow Jones Industrial Average finished the day 0.78% lower at 16,401.02, and the S&P 500 closed at 1,867.72, down 0.90%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index ended the day at 299.70, down 0.52%, and the index has advanced 0.37% in the last one month. Investor-Edge has initiated coverage on the following equities: Allied Nevada Gold Corporation (NYSE MKT: ANV), Gold Resource Corporation (NYSE MKT: GORO), Novagold Resources Inc. (NYSE MKT: NG) and AuRico Gold Inc. (NYSE: AUQ). Free technical research on ANV, GORO, NG and AUQ can be downloaded upon signing up at:

On Tuesday, Allied Nevada Gold Corp.'s stock recorded a trading volume of 4.06 million shares, below its three months average volume of 4.93 million shares. The stock finished the day at $3.28, down 5.48%, and registered an intraday range of $3.25 and $3.54. Shares of Allied Nevada Gold Corp. have advanced 0.92% in the previous three trading sessions. However, the stock has fallen by 24.42% in the last one month and 7.61% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $4.63 and $4.47, respectively. Additionally, Shares of the company traded at a PE ratio of 25.48 and have a Relative Strength Index (RSI) of 37.78. Sign up today to read free research on ANV at:

Gold Resource Corp.'s stock fell by 4.16%, to close Tuesday's session at $3.92, hitting a new 52-week low of $3.84. During the session the stock oscillated between $3.84 and $4.14. The stock recorded a trading volume of 0.89 million shares, above its three months average volume of 0.55 million shares. Over the previous three trading sessions and past three months, Gold Resource Corp.'s shares have lost 11.91% and 13.08%, respectively. Also, from the beginning of 2014, the company's stock has fallen by 13.47%. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $5.77 is above its 50-day moving average of $5.04. Further, the company's stock traded at a PE ratio of 394.56 and has an RSI of 28.87. Sign up today to read free research on GORO at:

On Tuesday, Novagold Resources Inc.'s stock finished the session 2.56% lower at $3.43. A total of 0.93 million shares were traded, which was much below its three months average volume of 2.44 million shares. The stock moved between $3.41 and $3.56 during the session. Over the last one month, Novagold Resources Inc.'s shares have declined 7.30%. However, the stock has surged 16.27% over the past three months and 35.04% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $3.77 is greater than its 200-day moving average of $2.90. Novagold Resources Inc.'s stock has an RSI of 45.53. Sign up today to read free research on NG at:

Shares in AuRico Gold Inc. fluctuated between $4.22 and $4.32 on Tuesday, before ending the session down 2.09%, at an intra-day low of $4.22. The company's stock reported a trading volume of 0.64 million shares, much below its three months average volume of 2.26 million shares. Further, AuRico Gold Inc.'s shares have advanced 2.93% in the previous three trading sessions and 15.30% on YTD basis. However, the stock has gone-down by 5.80% over the last one month. The stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $4.52 is greater than its 200-day moving average of $4.30. Moreover, shares of the company have an RSI of 50.53. Sign up today to read free research on AUQ at:


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