Fury Gold Mines Limited (AUG.TO) (TSE:AUG) Share Price Passes Below 50-Day Moving Average – Here’s Why

Fury Gold Mines Limited (AUG.TO) (TSE:AUG)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.23 and traded as low as C$2.89. Fury Gold Mines Limited (AUG.TO) shares last traded at C$3.23, with a volume of 744,837 shares changing hands.

Fury Gold Mines Limited (AUG.TO) Price Performance

The company has a market capitalization of C$347.59 million and a price-to-earnings ratio of -26.48. The company has a current ratio of 2.91, a quick ratio of 2.73 and a debt-to-equity ratio of 6.55. The company has a 50-day moving average of C$3.23.

Fury Gold Mines Limited (AUG.TO) Company Profile

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.