Austin Gold (NYSE:AUST) Shares Down 7.8% – Should You Sell?

Austin Gold Corp. (NYSE:AUST)’s stock price fell 7.8% during mid-day trading on Monday . The company traded as low as $1.78 and last traded at $1.89. 920,473 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 3,948,811 shares. The stock had previously closed at $2.05.

Austin Gold Stock Performance

The firm has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $1.75. The company has a market cap of $25.08 million, a P/E ratio of -6.10 and a beta of 0.86.

Austin Gold Company Profile

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.