Austin Gold (NYSE:AUST) Shares Down 3.6% – Should You Sell?

Austin Gold Corp. (NYSE:AUST)’s share price traded down 3.6% on Monday . The company traded as low as $1.19 and last traded at $1.20. 214,849 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 143,527 shares. The stock had previously closed at $1.24.

Austin Gold Trading Down 3.6 %

The company’s fifty day moving average is $1.30 and its 200-day moving average is $1.49. The firm has a market capitalization of $15.86 million, a P/E ratio of -3.85 and a beta of 0.88.

Institutional Investors Weigh In On Austin Gold

An institutional investor recently bought a new position in Austin Gold stock. Ground Swell Capital LLC bought a new stake in shares of Austin Gold Corp. (NYSE:AUST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,877 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned 0.15% of Austin Gold as of its most recent SEC filing. 62.08% of the stock is owned by institutional investors and hedge funds.

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.