Austin Gold (NYSE:AUST) Shares Up 2.3% – Still a Buy?

Austin Gold Corp. (NYSE:AUST) rose 2.3% during trading on Tuesday . The stock traded as high as $1.33 and last traded at $1.32. Approximately 60,708 shares traded hands during trading, a decline of 94% from the average daily volume of 990,771 shares. The stock had previously closed at $1.29.

Austin Gold Stock Up 2.3%

The stock has a market cap of $18.07 million, a price-to-earnings ratio of -4.26 and a beta of 0.90. The company has a 50 day simple moving average of $1.39 and a 200 day simple moving average of $1.64.

Institutional Inflows and Outflows

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