Gold stocks are on the move Friday and we’re diving into what has these companies’ stocks on the rise.
The rise in gold stocks today is likely linked to Russia’s invasion of Ukraine. We saw a similar movement last week as investors flocked to classics, such as precious metals, as uncertainty weighs on the market.
The recent push of gold stocks is bringing extra volatility. We’ve seen several of these stocks rise and fall throughout the week with more extreme movement coming for those in the penny stock range.
Keeping that in mind, let’s go over how gold stocks are moving today below!
Gold Stocks on the Rise
- Hycroft Mining (NASDAQ:HYMC) stock starts us off with the company’s shares gaining more than 68% as of Friday afternoon.
- Paramount Gold Nevada (NYSEAMERICAN:PZG) shares are rocketing higher next with the stock climbing over 47% as of this writing.
- Tanzanian Gold (NYSEAMERICAN:TRX) stock also joins our list with the company’s shares seeing a more than 10% boost this afternoon.
- Excellon Resources (NYSEAMERICAN:EXN) shares close out our gold stocks on the move list with the company’s units up over 28% as of Friday afternoon.
There’s more stock market news for investors to check out below!
We’ve got all the latest stock news traders need to know about for Friday! Among that is everything you need to know about Rivian (NASDAQ:RIVN) stock, Digital World Acquisition (NASDAQ:DWAC) stock, and Nvidia (NASDAQ:NVDA) stock. You’ll find all of that info at the following links!
More Stock Market News for Friday
- Is RIVN Stock a Buy After Q4 Disappointment? 3 Analysts Weigh In on Rivian Price Predictions.
- Is DWAC Stock a Buy? 3 Experts Weigh In on the Truth Social SPAC.
- Is NVDA Stock a Buy? 3 Analysts Weigh In on Nvidia.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed