Fortitude Gold (OTCMKTS:FTCO) Shares Down 0.1% – What’s Next?

Fortitude Gold Co. (OTCMKTS:FTCO) dropped 0.1% during trading on Tuesday. The company traded as low as $4.52 and last traded at $4.5940. 21,787 shares changed hands during trading, a decline of 58% from the average session volume of 51,845 shares. The stock had previously closed at $4.5975.

Fortitude Gold Trading Up 0.2%

The company’s fifty day simple moving average is $4.70 and its two-hundred day simple moving average is $4.81.

Fortitude Gold (OTCMKTS:FTCO) last issued its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $8.20 million for the quarter, compared to analyst estimates of $16.41 million.

About Fortitude Gold

Fortitude Gold Corp. is a Nevada-focused gold exploration, development and production company. Its principal operating asset is the Isabella Pearl gold mine, an open-pit, heap-leach operation located in the Walker Lane mineral belt near the town of Mina, Nevada.

The company also holds a portfolio of exploration and development properties in Nevada, including projects in the Walker Lane and Goldfield mining districts. Fortitude Gold uses exploration, resource evaluation and mine development activities to advance its properties and identify additional opportunities for gold production.

Fortitude Gold became an independent publicly traded company in 2020 following the separation of certain Nevada assets from Gold Resource Corporation.