Austin Gold (NYSE:AUST) Stock Price Up 8.9% – Here’s What Happened

Austin Gold Corp. (NYSE:AUST)’s stock price was up 8.9% on Friday . The company traded as high as $1.35 and last traded at $1.34. Approximately 73,356 shares changed hands during trading, a decline of 47% from the average daily volume of 137,301 shares. The stock had previously closed at $1.23.

Austin Gold Price Performance

The firm has a market capitalization of $17.78 million, a PE ratio of -4.32 and a beta of 0.85. The company’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.52.

Hedge Funds Weigh In On Austin Gold

A number of hedge funds have recently made changes to their positions in AUST. Virtu Financial LLC purchased a new stake in shares of Austin Gold during the fourth quarter worth $38,000. Ground Swell Capital LLC acquired a new stake in Austin Gold in the 4th quarter valued at about $25,000. Finally, XTX Topco Ltd lifted its stake in Austin Gold by 68.7% in the 1st quarter. XTX Topco Ltd now owns 30,075 shares of the company’s stock worth $39,000 after purchasing an additional 12,251 shares in the last quarter. 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.