Shares of U.S. GoldMining Inc. (NASDAQ:USGOW – Get Free Report) shot up 30% on Tuesday . The company traded as high as $1.92 and last traded at $1.30. 89,962 shares traded hands during trading, an increase of 43% from the average session volume of 62,886 shares. The stock had previously closed at $1.00.
U.S. GoldMining Price Performance
The firm has a 50-day simple moving average of $1.16 and a 200 day simple moving average of $1.07.
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.
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