Austin Gold (NYSE:AUST) Trading Up 11.7%

Austin Gold Corp. (NYSE:AUST) was up 11.7% during mid-day trading on Tuesday . The company traded as high as $1.24 and last traded at $1.24. Approximately 203,640 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 87,962 shares. The stock had previously closed at $1.11.

Austin Gold Stock Down 1.7 %

The firm has a 50 day moving average of $1.11 and a 200-day moving average of $0.85. The company has a market cap of $15.00 million, a P/E ratio of -3.77 and a beta of 1.30.

Austin Gold (NYSE:AUST) last posted its quarterly earnings results on Friday, March 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08).

Institutional Investors Weigh In On Austin Gold

An institutional investor recently bought a new position in Austin Gold stock. Citadel Advisors LLC acquired a new stake in shares of Austin Gold Corp. (NYSE:AUST) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 86,696 shares of the company’s stock, valued at approximately $157,000. Citadel Advisors LLC owned approximately 0.91% of Austin Gold as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 62.08% of the company’s stock.

About Austin Gold

Austin Gold Corp., a gold exploration company, focuses on the acquisition, exploration, and evaluation of mineral property interests in Nevada. The company holds interest in Kelly Creek Project located in the Kelly Creek Basin, in southeastern Humboldt County, Nevada; Fourmile Basin Project that comprises various unpatented lode mining claims covering approximately 6410 acres located in Nye County; the Lone Mountain Project consisting of various unpatented lode mining and patented mining claims located near Lone Mountain in Elko County.