U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 33,700 shares, a drop of 45.6% from the November 30th total of 61,900 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 75,500 shares, the days-to-cover ratio is presently 0.4 days.
U.S. GoldMining Stock Up 0.1 %
NASDAQ:USGO opened at $8.69 on Friday. The business has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $7.67. U.S. GoldMining has a 1 year low of $5.00 and a 1 year high of $14.46.
Analyst Ratings Changes
Separately, HC Wainwright upped their target price on shares of U.S. GoldMining from $23.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.
U.S. GoldMining Company Profile
U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.
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