Harmony Gold Mining (HMY) Highlighted As Today's Perilous Reversal Stock

Trade-Ideas LLC identified Harmony Gold Mining ( HMY) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Harmony Gold Mining as such a stock due to the following factors:

  • HMY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.1 million.
  • HMY has traded 183,526 shares today.
  • HMY is down 8.2% today.
  • HMY was up 8.2% yesterday.

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More details on HMY:

Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper, silver, uranium, and molybdenum deposits. Currently there are no analysts that rate Harmony Gold Mining a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Harmony Gold Mining has been 6.1 million shares per day over the past 30 days. Harmony has a market cap of $1.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 266% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Harmony Gold Mining as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.

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