The trading price of Austin Gold Corp (AMEX:AUST) closed higher on Friday, May 23, and closing at $1.39, 10.32% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.19 and a 52-week low of $0.79. Over the past month, the stock has gained 12.10% in value.
Austin Gold Corp, whose market valuation is $18.45 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AUST has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that AUST’s price is currently 10.29% off the SMA20 and 7.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.89, and weekly volatility stands at 6.69%. When measured over the past 30 days, the indicator reaches 5.84%. Austin Gold Corp (AMEX:AUST)’s beta value is currently sitting at 0.85, while the Average True Range indicator is currently displaying 0.11.
To see how Austin Gold Corp stock has been performing in comparison to its peers in the industry, here are the numbers: AUST stock’s performance was 10.32% in the latest trading, and 32.38% in the past year.
An evaluation of the daily trading volume of Austin Gold Corp (AMEX:AUST) indicates that the 3-month average is 112.61K.
Currently, records show that 13.27 million of the company’s shares remain outstanding. The insiders hold 48.76% of outstanding shares, whereas institutions hold 3.14%. However, since the stock’s price has seen 10.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
