Austin Gold (NYSE:AUST) Stock Price Down 1.6% – Time to Sell?

Austin Gold Corp. (NYSE:AUST)’s stock price fell 1.6% on Tuesday . The company traded as low as $1.21 and last traded at $1.22. 24,545 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 127,589 shares. The stock had previously closed at $1.24.

Austin Gold Trading Down 1.6 %

The firm has a 50-day simple moving average of $2.02 and a 200-day simple moving average of $1.38. The firm has a market cap of $16.19 million, a P/E ratio of -3.94 and a beta of 0.68.

Institutional Trading of Austin Gold

An institutional investor recently bought a new position 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 quarter. 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.