U.S. Gold (NASDAQ:USAU) Shares Pass Above 200 Day Moving Average – Here’s What Happened

U.S. Gold Corp. (NASDAQ:USAU)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.46 and traded as high as $6.42. U.S. Gold shares last traded at $6.32, with a volume of 62,023 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $11.00 price objective on shares of U.S. Gold in a research note on Thursday, September 5th.

U.S. Gold Price Performance

The stock’s 50 day simple moving average is $5.76 and its two-hundred day simple moving average is $5.47. The company has a market capitalization of $65.91 million, a P/E ratio of -8.07 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. As a group, equities research analysts expect that U.S. Gold Corp. will post -0.94 earnings per share for the current year.

About U.S. Gold

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.