Why SSR Mining Stock Dropped Today
Up one day and down the next, SSR Mining (NASDAQ: SSRM) stock may be frustrating investors -- but its gyrations are easy to explain.
SSR Mining mines gold (and also copper, silver, lead, and zinc). When the price of gold rises, SSR stock tends to rise; when the price of gold falls, SSR stock tends to fall. Today, gold prices are falling, and SSR stock is following them down: 8.5% as of 10:45 a.m. ET Tuesday.
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Source Fool.com
