Austin Gold (NYSE:AUST) Stock Price Down 0.9% – What’s Next?

Shares of Austin Gold Corp. (NYSE:AUST) dropped 0.9% on Wednesday . The company traded as low as $1.07 and last traded at $1.09. Approximately 72,884 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 69,509 shares. The stock had previously closed at $1.10.

Austin Gold Price Performance

The firm has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.41.

Hedge Funds Weigh In On Austin Gold

A hedge fund recently bought a new stake in Austin Gold stock. XTX Topco Ltd bought a new stake in shares of Austin Gold Corp. (NYSE:AUST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,143 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.16% of Austin Gold at the end of the most recent quarter. Institutional investors own 62.08% of the company’s stock.

About Austin Gold

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.