Austin Gold (NYSE:AUST) Trading Up 0.9% – Here’s What Happened

Austin Gold Corp. (NYSE:AUST) was up 0.9% during mid-day trading on Friday . The stock traded as high as $1.39 and last traded at $1.39. Approximately 57,237 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,161,780 shares. The stock had previously closed at $1.3770.

Austin Gold Trading Up 0.9%

The firm’s 50 day moving average is $1.53 and its two-hundred day moving average is $1.74. The firm has a market cap of $19.03 million, a P/E ratio of -4.48 and a beta of 0.90.

Hedge Funds Weigh In On Austin Gold

A hedge fund recently raised its stake in Austin Gold stock. Peak Financial Management Inc. raised its stake in Austin Gold Corp. (NYSE:AUST) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,000 shares of the company’s stock after purchasing an additional 8,000 shares during the period. Peak Financial Management Inc. owned 0.20% of Austin Gold worth $41,000 at the end of the most recent quarter. 62.08% of the stock is owned by institutional investors and hedge funds.

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.