U.S. Gold (NASDAQ:USAU) Stock Price Crosses Below 200-Day Moving Average of $5.06

U.S. Gold Corp. (NASDAQ:USAUGet Rating) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.06 and traded as low as $4.09. U.S. Gold shares last traded at $4.20, with a volume of 9,316 shares.

Analyst Ratings Changes

Separately, HC Wainwright cut their price objective on U.S. Gold from $14.50 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd.

U.S. Gold Price Performance

The company has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $5.06.

Insider Activity at U.S. Gold

In other news, Director Luke Anthony Norman acquired 8,482 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were purchased at an average cost of $4.17 per share, with a total value of $35,369.94. Following the completion of the purchase, the director now owns 293,165 shares of the company’s stock, valued at $1,222,498.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by company insiders.

Institutional Trading of U.S. Gold

A number of hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its position in shares of U.S. Gold by 19.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,281 shares of the technology company’s stock valued at $83,000 after buying an additional 1,530 shares in the last quarter. State Street Corp lifted its position in shares of U.S. Gold by 72.2% during the 1st quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after acquiring an additional 9,600 shares during the period. Finally, Virtu Financial LLC acquired a new position in U.S. Gold during the first quarter worth $172,000. Institutional investors and hedge funds own 5.00% of the company’s stock.

About U.S. Gold

(Get Rating)

U.S. Gold Corp. operates as a gold and precious metals exploration company. It explores for gold, copper, silver, and zinc deposits. The company holds interest in the CK Gold project located in the Silver Crown mining district of southeast Wyoming. It also holds interests in the Keystone and Maggie Creek exploration properties located on the Cortez and Carlin Trends in Eureka County, Nevada; and the Challis Gold project located in Idaho.

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