Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Up 0.4% – Still a Buy?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $0.6150 and last traded at $0.6105. Approximately 189,847 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 193,246 shares. The stock had previously closed at $0.6078.

Fury Gold Mines Price Performance

The firm has a 50-day simple moving average of $0.54 and a 200-day simple moving average of $0.61. The firm has a market capitalization of $116.07 million, a PE ratio of -6.10 and a beta of 0.72.

Institutional Investors Weigh In On Fury Gold Mines

Several hedge funds and other institutional investors have recently modified their holdings of FURY. Jane Street Group LLC purchased a new stake in Fury Gold Mines during the fourth quarter worth $41,000. Goldman Sachs Group Inc. purchased a new stake in shares of Fury Gold Mines in the fourth quarter worth about $45,000. Cibc World Market Inc. purchased a new stake in Fury Gold Mines during the second quarter worth $52,000. Bank of America Corp DE boosted its position in Fury Gold Mines by 590.0% during the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Fury Gold Mines during the third quarter valued at $69,000. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

Fury Gold Mines Company Profile

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.