Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Up 0.4% – Here’s What Happened

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s share price traded up 0.4% during trading on Thursday . The stock traded as high as $0.6150 and last traded at $0.6105. Approximately 189,847 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 193,246 shares. The stock had previously closed at $0.6078.

Fury Gold Mines Stock Performance

The business’s 50 day moving average is $0.54 and its 200 day moving average is $0.61. The company has a market capitalization of $116.89 million, a price-to-earnings ratio of -4.10 and a beta of 0.72.

Hedge Funds Weigh In On Fury Gold Mines

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in Fury Gold Mines in the 4th quarter worth $41,000. Goldman Sachs Group Inc. acquired a new position in shares of Fury Gold Mines in the fourth quarter valued at about $45,000. Bank of America Corp DE increased its holdings in shares of Fury Gold Mines by 590.0% in the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock valued at $51,000 after purchasing an additional 88,500 shares during the period. Cibc World Market Inc. purchased a new position in shares of Fury Gold Mines in the second quarter worth about $52,000. Finally, Virtu Financial LLC purchased a new position in shares of Fury Gold Mines in the third quarter worth about $69,000. 12.14% of the stock is owned by institutional investors and hedge funds.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.