Austin Gold (NYSE:AUST) Trading Up 11.7%

Austin Gold Corp. (NYSE:AUST)’s share price shot up 11.7% on Tuesday . The company traded as high as $1.24 and last traded at $1.24. 203,640 shares traded hands during trading, an increase of 132% from the average session volume of 87,962 shares. The stock had previously closed at $1.11.

Austin Gold Stock Down 1.7 %

The stock’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $0.85. The company has a market capitalization of $15.00 million, a PE ratio of -3.77 and a beta of 1.30.

Austin Gold (NYSE:AUST) last posted its earnings results on Friday, March 1st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08).

Institutional Investors Weigh In On Austin Gold

A hedge fund recently bought a new stake in Austin Gold stock. Citadel Advisors LLC purchased a new position in Austin Gold Corp. (NYSE:AUST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,696 shares of the company’s stock, valued at approximately $157,000. Citadel Advisors LLC owned 0.91% of Austin Gold as of its most recent SEC filing. 62.08% of the stock is currently owned by institutional investors.

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.