U.S. GoldMining (NASDAQ:USGOW) Stock Price Down 4.1% – Time to Sell?

U.S. GoldMining Inc. (NASDAQ:USGOWGet Free Report)’s stock price fell 4.1% during mid-day trading on Thursday . The company traded as low as $1.5110 and last traded at $1.87. 37,971 shares were traded during trading, an increase of 6% from the average session volume of 35,913 shares. The stock had previously closed at $1.95.

U.S. GoldMining Stock Performance

The company’s 50-day moving average price is $0.67 and its two-hundred day moving average price is $0.94.

U.S. GoldMining Company Profile

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U.S. GoldMining Inc (NASDAQ: USGOW) is a North American mineral exploration and development company focused on advancing gold and precious metal projects in the United States and Canada. The company’s flagship asset is the Whistler gold project, situated in Idaho’s historic Silver Valley mining district, where it is working to expand and delineate a significant gold resource. In addition to Whistler, U.S. GoldMining holds the Blue Ridge project in British Columbia’s Golden Triangle, targeting high-grade epithermal and porphyry-style gold-copper mineralization.

The company’s primary activities include systematic geological mapping, drilling programs, resource estimation and metallurgical test work, all aimed at moving its projects toward feasibility and eventual production.

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