Fortitude Gold (OTCMKTS:FTCO) Stock Price Down 2.4% – Here’s Why

Fortitude Gold Co. (OTCMKTS:FTCO) shares dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $4.93 and last traded at $4.96. Approximately 69,560 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 67,494 shares. The stock had previously closed at $5.08.

Fortitude Gold Trading Down 2.4 %

The stock’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $4.90.

Fortitude Gold Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date is Thursday, December 19th.

Fortitude Gold Company Profile

Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that covers approximately 10,434 acres located in Mineral County, Nevada.