U.S. GoldMining (NASDAQ:USGOW) Shares Down 5.7% – Time to Sell?

U.S. GoldMining Inc. (NASDAQ:USGOW)’s share price traded down 5.7% during trading on Friday . The stock traded as low as $0.99 and last traded at $0.99. 36,653 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 68,445 shares. The stock had previously closed at $1.05.

U.S. GoldMining Stock Down 5.7%

The firm has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $1.05.

U.S. GoldMining Company Profile

U.S. GoldMining Inc (NASDAQ: USGOW) is a North American mineral exploration and development company focused on advancing gold and precious metal projects in the United States and Canada. The company’s flagship asset is the Whistler gold project, situated in Idaho’s historic Silver Valley mining district, where it is working to expand and delineate a significant gold resource. In addition to Whistler, U.S. GoldMining holds the Blue Ridge project in British Columbia’s Golden Triangle, targeting high-grade epithermal and porphyry-style gold-copper mineralization.

The company’s primary activities include systematic geological mapping, drilling programs, resource estimation and metallurgical test work, all aimed at moving its projects toward feasibility and eventual production.