Austin Gold (NYSE:AUST) Trading Down 1.6% – Here’s What Happened

Austin Gold Corp. (NYSE:AUST) was down 1.6% during trading on Tuesday . The company traded as low as $1.21 and last traded at $1.22. Approximately 24,545 shares were traded during trading, a decline of 81% from the average daily volume of 127,589 shares. The stock had previously closed at $1.24.

Austin Gold Stock Performance

The stock has a market capitalization of $16.19 million, a P/E ratio of -3.94 and a beta of 0.68. The firm’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $1.38.

Institutional Investors Weigh In On Austin Gold

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) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,143 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned 0.16% of Austin Gold at the end of the most recent quarter. Institutional investors and hedge funds own 62.08% of the company’s stock.

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.