Austin Gold (NYSE:AUST) Shares Down 2.3% – Time to Sell?

Austin Gold Corp. (NYSE:AUST)’s stock price was down 2.3% on Thursday . The stock traded as low as $1.27 and last traded at $1.27. Approximately 91,785 shares were traded during trading, a decline of 89% from the average daily volume of 864,580 shares. The stock had previously closed at $1.30.

Austin Gold Stock Performance

The company’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.61. The company has a market cap of $17.39 million, a price-to-earnings ratio of -4.10 and a beta of 0.87.

Institutional Trading of Austin Gold

An institutional investor recently raised its stake in Austin Gold stock. Peak Financial Management Inc. raised its holdings in shares of Austin Gold Corp. (NYSE:AUST) by 40.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing. 62.08% of the stock is owned by institutional investors and hedge funds.

Austin Gold Company Profile

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.