Austin Gold (NYSE:AUST) Trading 1.6% Higher – Here’s Why

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

Austin Gold Stock Up 1.6 %

The company has a market capitalization of $24.55 million, a P/E ratio of -5.97 and a beta of 0.91. The firm’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.26.

Institutional Trading of Austin Gold

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