Austin Gold (NYSE:AUST) Trading Down 5.6% – What’s Next?

Austin Gold Corp. (NYSE:AUST)’s stock price fell 5.6% during mid-day trading on Monday . The company traded as low as $1.02 and last traded at $1.02. Approximately 14,927 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 774,955 shares. The stock had previously closed at $1.08.

Austin Gold Trading Down 5.6%

The stock has a market cap of $13.97 million, a P/E ratio of -3.29 and a beta of 0.92. The firm’s fifty day moving average is $1.25 and its 200 day moving average is $1.53.

Institutional Investors Weigh In On Austin Gold

An institutional investor recently raised its position in Austin Gold stock. Peak Financial Management Inc. lifted its holdings in Austin Gold Corp. (NYSE:AUST) by 40.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. Hedge funds and other 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.