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Why Is It Moving? Looking At Hudbay Minerals's Price Action Today

March 31, 2021 9:58 am
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The Price And Volume Action In Hudbay Minerals's Stock Today

Hudbay Minerals's (NYSE:HBM) stock has been rising Wednesday, up 4.05% to a price of $7.12. The stock's current volume for the day is 184.59 thousand, which is approximately 11.41% of its previous 30-day average volume of 1.62 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Hudbay Minerals shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform and announces a price target of C$13 per share.

Perspective On Recent Price Action

The stock's 50-day moving average was $6.82 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $8.39 and fallen to a low of $1.63.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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