Austin Gold (NYSE:AUST) Trading Down 5.6% – Time to Sell?

Austin Gold Corp. (NYSE:AUST) shares traded down 5.6% on Monday . The stock traded as low as $1.02 and last traded at $1.02. Approximately 14,927 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 774,955 shares. The stock had previously closed at $1.08.

Austin Gold Price Performance

The company has a market capitalization of $14.65 million, a P/E ratio of -3.45 and a beta of 0.92. The business’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Austin Gold stock. Peak Financial Management Inc. grew its holdings in Austin Gold Corp. (NYSE:AUST) by 40.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Peak Financial Management Inc. owned 0.20% of Austin Gold worth $41,000 at the end of the most recent reporting period. 62.08% of the stock is 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.