Hecla Mining Company (NYSE:HL) Gains Technical Momentum


Dallas, Texas 04/08/2014 (FINANCIALSTRENDS) – Hecla Mining Company (NYSE:HL), in the first business week of April received coverage by analysts. With the S&P 500 Materials Sector Index closing at 0.63% higher, including a 1.8% increase in the same month, metals and mineral equities were definitely abuzz.

Hecla Mining Company (NYSE:HL) has, according to analysts, reported trading volume in the range of 4.98 million shares. Whereas over the previous three months, the trading volume average has been 5.8 million shares.

Price Gains

The company has also reported gains on the stock prices. Where it traded 3.90% lesser on the yearly comparison, it did report 2.89% gains on the previous three days of trading. This is definitely a positive recovery, for the company was reporting a loss of 5.33% over the previous 30 days.  Besides, the company has also been trading at prices which are above the 200-day moving average.

Interestingly, for this stock, the Relative Strength of Index or RSI is 40.53. That the thumb of rule for small investors and celebrity investors such as Warren Buffet, RSI above 40 is Sell. With Hecla stocks in the cusp, it is finally the investors call whether to hold on to these stocks or to sell them.

Hecla Mining Company (NYSE:HL) has been a long time explorer, producer and marketer of silver, lead, zinc as well as gold, with the main line of mining related operations conducted by its subsidiaries.

Hecla Mining Company (NYSE:HL) has a strong business line in delivering to custom smelters, based on contracts. It also has a strong presence in unrefined gold as well as silver bullion bars for its Greens Creek.

Hecla Mining Company (NYSE:HL) are sold directly to customers or where required refined for better use for sale to precious metal traders.

Hecla Mining Company (NYSE:HL) currently holds a market capital of 1.04 billion and EPS Of -0.08.