Austin Gold (NYSE:AUST) Shares Down 2.6% – Here’s What Happened

Posted by Francis Steltz on Sep 18th, 2026

Austin Gold Corp. (NYSE:AUST – Get Free Report)’s share price traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as $1.12 and last traded at $1.13. 8,422 shares traded hands during trading, a decline of 99% from the average daily volume of 598,852 shares. The stock had previously closed at $1.16.

Austin Gold Stock Performance

The company’s 50-day simple moving average is $1.15 and its two-hundred day simple moving average is $1.28. The firm has a market cap of $15.34 million, a PE ratio of -3.61 and a beta of 0.96.

Institutional Trading of Austin Gold

An institutional investor recently raised its position in Austin Gold stock. Peak Financial Management Inc. increased its position in shares of Austin Gold Corp. (NYSE:AUST – Free Report) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,000 shares of the company’s stock after buying an additional 8,000 shares during the period. Peak Financial Management Inc. owned about 0.20% of Austin Gold worth $41,000 at the end of the most recent quarter. 62.08% of the stock is currently owned by institutional investors and hedge funds.

About Austin Gold

(Get Free Report)

Austin Gold Corp. (NYSE: AUST) is a mineral exploration company focused on the discovery and development of gold deposits in Nevada. The company is an exploration-stage business and does not operate producing mines.

Austin Gold’s portfolio includes the Kelly Creek, Lone Mountain and Stockade Mountain projects, which are located in established mining regions of Nevada. Its activities include acquiring and evaluating mineral properties, conducting geological studies, and advancing exploration programs designed to identify potentially economic gold resources.

The company’s strategy centers on exploring large, prospective land positions in Nevada, a leading U.S.