Austin Gold (NYSE:AUST) Trading Down 0.9% – Should You Sell?

Shares of Austin Gold Corp. (NYSE:AUST) fell 0.9% on Wednesday . The stock traded as low as $1.07 and last traded at $1.09. 72,884 shares changed hands during trading, an increase of 5% from the average session volume of 69,509 shares. The stock had previously closed at $1.10.

Austin Gold Trading Down 0.9 %

The company has a market cap of $14.40 million, a price-to-earnings ratio of -3.50 and a beta of 0.87. The business has a fifty day moving average of $1.62 and a two-hundred day moving average of $1.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Austin Gold stock. XTX Topco Ltd bought a new position in shares of Austin Gold Corp. (NYSE:AUST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 quarter. 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.