Austin Gold (NYSE:AUST) Trading Down 0.9% – What’s Next?

Austin Gold Corp. (NYSE:AUST)’s stock price dropped 0.9% during trading on Wednesday . The company traded as low as $1.07 and last traded at $1.09. Approximately 72,884 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 69,509 shares. The stock had previously closed at $1.10.

Austin Gold Stock Down 0.9 %

The company has a market cap of $14.40 million, a PE ratio of -3.50 and a beta of 0.87. The stock’s 50 day moving average is $1.62 and its 200-day moving average is $1.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Austin Gold stock. XTX Topco Ltd bought a new position in shares of Austin Gold Corp. (NYSE:AUST) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 21,143 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.16% of Austin Gold at the end of the most recent reporting period. Institutional investors and hedge funds 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.