U.S. Gold (NASDAQ:USAU) Shares Cross Above 200 Day Moving Average of $5.06

U.S. Gold Corp. (NASDAQ:USAU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.06 and traded as high as $6.06. U.S. Gold shares last traded at $5.95, with a volume of 215,763 shares trading hands.

Analysts Set New Price Targets

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

U.S. Gold Trading Up 6.1 %

The stock’s 50 day moving average is $5.56 and its 200 day moving average is $5.07. The stock has a market capitalization of $55.53 million, a price-to-earnings ratio of -8.15 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last released its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. On average, sell-side analysts anticipate that U.S. Gold Corp. will post -0.94 EPS 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.