Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Down 3.2% – Here’s Why

Shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) fell 3.2% during mid-day trading on Tuesday . The company traded as low as $0.52 and last traded at $0.53. 208,997 shares changed hands during trading, an increase of 38% from the average session volume of 151,030 shares. The stock had previously closed at $0.55.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price target on shares of Fury Gold Mines from $1.10 to $1.20 and gave the company a “buy” rating in a report on Monday, April 21st.

Fury Gold Mines Stock Performance

The company has a market capitalization of $80.42 million, a price-to-earnings ratio of -8.82 and a beta of 1.02. The firm’s 50 day simple moving average is $0.39 and its 200-day simple moving average is $0.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Sprott Inc. grew its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 924,064 shares of the company’s stock after purchasing an additional 55,485 shares during the period. Sprott Inc. owned about 0.61% of Fury Gold Mines worth $359,000 at the end of the most recent quarter. Institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.