Austin Gold (NYSE:AUST) Shares Up 1.6% – Should You Buy?

Austin Gold Corp. (NYSE:AUST)’s stock price was up 1.6% during mid-day trading on Tuesday . The stock traded as high as $1.95 and last traded at $1.85. Approximately 116,794 shares traded hands during trading, a decline of 9% from the average daily volume of 128,430 shares. The stock had previously closed at $1.82.

Austin Gold Stock Performance

The company has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $1.26. The stock has a market capitalization of $24.55 million, a price-to-earnings ratio of -5.97 and a beta of 0.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Austin Gold stock. XTX Topco Ltd acquired a new position in shares of Austin Gold Corp. (NYSE:AUST) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,143 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned 0.16% of Austin Gold as of its most recent SEC filing. Institutional investors and hedge funds own 62.08% of the company’s stock.

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.