US Gold (USAU) Cut to “Strong Sell” at ValuEngine
US Gold (NASDAQ:USAU) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
Separately, Roth Capital initiated coverage on shares of US Gold in a research report on Tuesday. They set a “buy” rating and a $3.00 target price for the company.
US Gold (USAU) traded down $0.05 during trading hours on Thursday, hitting $1.37. 63,722 shares of the stock traded hands, compared to its average volume of 173,099. US Gold has a one year low of $1.05 and a one year high of $11.52.
In related news, CEO Edward M. Karr bought 27,778 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $50,000.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 67,778 shares of company stock worth $102,950. Corporate insiders own 3.40% of the company’s stock.
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US Gold Company Profile
U.S. Gold Corp., formerly Dataram Corporation, is a United States focused gold exploration and development company. The Company operates projects in Nevada and Wyoming. The Company’s projects include Keystone, Gold Gold Bar North and Copper King. Keystone is located on the prolific Cortez Gold Trend mineral trends.
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