Austin Gold (NYSE:AUST) Trading 11.7% Higher

Austin Gold Corp. (NYSE:AUST) shares traded up 11.7% during trading on Tuesday . The company traded as high as $1.24 and last traded at $1.24. 203,640 shares were traded during trading, an increase of 132% from the average session volume of 87,962 shares. The stock had previously closed at $1.11.

Austin Gold Stock Up 11.7 %

The stock’s 50-day moving average is $1.10 and its 200 day moving average is $0.85. The stock has a market capitalization of $16.45 million, a PE ratio of -4.13 and a beta of 1.29.

Austin Gold (NYSE:AUST) last announced its quarterly earnings data on Friday, March 1st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08).

Institutional Trading of Austin Gold

A hedge fund recently raised its stake in Austin Gold stock. Renaissance Technologies LLC raised its holdings in Austin Gold Corp. (NYSE:AUST) by 94.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,122 shares of the company’s stock after acquiring an additional 39,430 shares during the quarter. Renaissance Technologies LLC owned about 0.85% of Austin Gold worth $77,000 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.