RIC Crosses Below Key Moving Average Level

In trading on Thursday, shares of Richmont Mines, Inc. ( RIC) crossed below their 200 day moving average of $7.94, changing hands as low as $7.60 per share. Richmont Mines, Inc. shares are currently trading down about 11.4% on the day. The chart below shows the one year performance of RIC shares, versus its 200 day moving average:

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Richmont Mines, Inc. 200 Day Moving Average Chart

Looking at the chart above, RIC's low point in its 52 week range is $2.79 per share, with $11.66 as the 52 week high point — that compares with a last trade of $7.65.

According to the ETF Finder at ETF Channel, RIC makes up 1.56% of the Junior Gold Miners ETF ( GDXJ) which is trading lower by about 3.5% on the day Thursday.

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