Austin Gold Corp. (NYSE:AUST – Get Free Report)’s share price dropped 3% on Wednesday . The stock traded as low as $1.29 and last traded at $1.31. 24,451 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 645,620 shares. The stock had previously closed at $1.35.
Austin Gold Trading Down 3.6%
The firm has a market cap of $16.50 million, a price-to-earnings ratio of -3.89 and a beta of 0.94. The firm has a 50 day moving average price of $1.13 and a 200-day moving average price of $1.36.
Institutional Trading of Austin Gold
An institutional investor recently raised its stake in Austin Gold stock. Peak Financial Management Inc. boosted its position in Austin Gold Corp. (NYSE:AUST – Free Report) by 40.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the company’s stock after purchasing an additional 8,000 shares during the quarter. Peak Financial Management Inc. owned about 0.20% of Austin Gold worth $41,000 as of its most recent filing with the Securities and 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.
Featured Stories
- Five stocks we like better than Austin Gold
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Austin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Austin Gold and related companies with MarketBeat.com's FREE daily email newsletter.
