The Russian gold producers shares rise
Edited by Rhod Mackenzie / 2016-07-06 06:03:05
One of the Russian gold mining companies rises in price six times faster than the metal it produces amidst a lack of liquid securities in the sector, which benefit from the growth of quotation of precious metal.
The price of the shares of Polymetal International Plc rose by 42 percent in dollar terms in Q2, 2016. It is the highest growth since the listing on the London Stock Exchange in 2011, while gold has risen in price by 7 percent. The securities are included into the “overbought zone”: a 14-days relative strength index (RSI) is above 70 since June24 and it reached 83.4 yesterday.
