Newmont's 1.58% Rally on August 21 as Trading Volume Ranks 149th Amid Peru Mine Progress
On August 21, 2025, NewmontNEM-- (NEM) saw a trading volume of $0.53 billion, ranking 149th among stocks on the day. The stock closed up 1.58%.
Newmont’s recent performance has drawn attention due to its operational updates. The company announced progress in its Peruvian mining projects, which analysts suggest could enhance future production efficiency. Additionally, Newmont reaffirmed its commitment to sustainable practices, a factor that has historically influenced investor sentiment in the sector.
Backtesting results indicate that a strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a 1.98% average daily return. Over 365 days, the total return was 7.61%, with a Sharpe ratio of 0.94. However, the strategy faced a maximum drawdown of -29.16%, highlighting its susceptibility during market downturns.

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