PVG - Why Shares of Pretium Resources Are Soaring Today
Plunging notably lower than the price of gold, shares of Pretium Resources (NYSE: PVG) dropped 18.7% through the first seven months of 2021, while the price of the yellow metal dipped 3.3%. But investors are certainly taking a shine to the precious metals producer today. As of 9:56 a.m. EDT, Pretium's stock is up 13.5%, having risen as much as 22.4% earlier in the session.
The source of investors' glee today is the company's second-quarter earnings report, which it reported after the market closed yesterday. Besides beating analysts' expectations, the company generated strong cash flow and improved its financial health.
Image source: Getty Images.
For further details see:
Why Shares of Pretium Resources Are Soaring Today