Austin Gold (NYSE:AUST) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Austin Gold (NYSE:AUST – Get Rating) posted its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01), Yahoo Finance reports.

Austin Gold Stock Performance

Austin Gold stock opened at $0.91 on Friday. The firm’s fifty day moving average price is $1.00 and its 200-day moving average price is $1.04. The stock has a market cap of $8.64 million and a P/E ratio of -12.96. Austin Gold has a fifty-two week low of $0.70 and a fifty-two week high of $29.00.

Institutional Trading of Austin Gold

A hedge fund recently bought a new stake in Austin Gold stock. Citadel Advisors LLC bought a new stake in shares of Austin Gold Corp. (NYSE:AUST – Get Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,696 shares of the company’s stock, valued at approximately $157,000. Citadel Advisors LLC owned about 0.91% of Austin Gold as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.26% of the company’s stock.

About Austin Gold

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Austin Gold Corp., a gold exploration company, focuses on the exploration and evaluation of mineral property interests in Nevada. The company's principal property the Kelly Creek Project with a mix of 6 patented mining claims and 1,600 unpatented mining claims covering an area of 136.8 square kilometers located in the Kelly Creek Basin, in southeastern Humboldt County, Nevada.