Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 4.4%

Fury Gold Mines Limited (NYSEAMERICAN:FURYGet Rating)’s share price dropped 4.4% during mid-day trading on Monday . The company traded as low as $0.47 and last traded at $0.48. Approximately 104,912 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 165,192 shares. The stock had previously closed at $0.50.

Fury Gold Mines Stock Up 4.0 %

The company’s fifty day moving average is $0.47. The company has a market capitalization of $62.37 million, a P/E ratio of 2.39 and a beta of 0.92.

Hedge Funds Weigh In On Fury Gold Mines

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC acquired a new position in shares of Fury Gold Mines during the second quarter worth approximately $4,871,000. Renaissance Technologies LLC raised its stake in Fury Gold Mines by 23.3% during the 1st quarter. Renaissance Technologies LLC now owns 350,923 shares of the company’s stock valued at $238,000 after acquiring an additional 66,214 shares in the last quarter. Finally, Ashford Capital Management Inc. boosted its position in Fury Gold Mines by 31.8% during the 2nd quarter. Ashford Capital Management Inc. now owns 1,450,000 shares of the company’s stock worth $769,000 after acquiring an additional 350,000 shares during the period. Institutional investors and hedge funds own 4.12% of the company’s stock.

About Fury Gold Mines

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Fury Gold Mines Limited operates as an exploration and development company in Canada. It primarily explores for gold properties. The company's flagship properties include the Eau Claire project that consists of map-designated claims totaling approximately 23,000 hectares located in the Eeyou Istchee James Bay Region of Northern Quebec; and Committee Bay project, which comprise 57 crown leases and 190 mineral claims in six non-contiguous blocks totaling approximately 297,273 hectares situated in the Kitikmeot Region of Nunavut.

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