Austin Gold (NYSE:AUST) Shares Up 25.1% – What’s Next?

Austin Gold Corp. (NYSE:AUST) shares shot up 25.1% on Monday . The company traded as high as $2.75 and last traded at $2.74. 581,029 shares traded hands during mid-day trading, an increase of 401% from the average session volume of 116,030 shares. The stock had previously closed at $2.19.

Austin Gold Stock Performance

The stock has a 50 day moving average of $1.36 and a two-hundred day moving average of $1.12. The stock has a market cap of $40.61 million, a PE ratio of -11.77 and a beta of 1.40.

Austin Gold (NYSE:AUST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter.

Hedge Funds Weigh In On Austin Gold

A hedge fund recently bought a new stake in Austin Gold stock. XTX Topco Ltd bought a new stake in shares of Austin Gold Corp. (NYSE:AUST) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 reporting period. 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.