Fury Gold Mines (NYSEAMERICAN:FURY) Trading Down 2.3% – Should You Sell?

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s share price traded down 2.3% on Friday . The company traded as low as $0.39 and last traded at $0.40. 81,949 shares changed hands during trading, a decline of 43% from the average session volume of 144,875 shares. The stock had previously closed at $0.41.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price objective on shares of Fury Gold Mines from $1.90 to $2.00 and gave the company a “buy” rating in a research note on Friday, October 25th.

Fury Gold Mines Trading Down 2.3 %

The company has a market cap of $60.68 million, a PE ratio of -6.68 and a beta of 1.02.

Institutional Investors Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. raised its position in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,991,015 shares of the company’s stock after buying an additional 41,015 shares during the period. Ashford Capital Management Inc. owned about 2.05% of Fury Gold Mines worth $1,256,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.14% of the company’s stock.

About Fury Gold Mines

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.