CDE is up 12% today. Is there a catalyst?

Shares of Coeur Mining Inc (CDE) are trading 15% higher at a price of $3.925 at the time of this writing. So far the Materials sector has been having a cheery day, and the share price of the company is flying high above it's peers. The market is undergoing a significant macro move (2.22%) which could be a factor in the stock's movement.

 -Coeur Mining, Inc. has agreed to sell its Nevada properties to AngloGold Ashanti for $150 million in cash.

Coeur Mining Inc has been trading between a 52-week high of $7.64 and a 52-week low of $2.54. The stock has a market cap of $1.1 Billion.

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

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