Why SSR Mining Stock Shined Like Gold Today
Precious metals miner SSR Mining (NASDAQ: SSRM) was surely worth its weight in gold, silver, zinc, etc. to many investors on Wednesday. They cheered the company's update of an asset sale, sending the shares up by almost 7% across the day's trading.
In a tersely worded press release, SSR said it has signed a definitive agreement to sell its 80% holding in the Çöpler mine, along with related assets, located in Turkey. The purchaser is Cengiz Holding, a sprawling industrial conglomerate based in that country, and the price is $1.5 billion. The transaction will be effected fully in cash.
Image source: Getty Images.
Source Fool.com
