U.S. Gold (NASDAQ:USAU) Shares Pass Below 200 Day Moving Average of $5.06

Shares of U.S. Gold Corp. (NASDAQ:USAUGet Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.06 and traded as low as $4.09. U.S. Gold shares last traded at $4.20, with a volume of 9,316 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright cut their price objective on shares of U.S. Gold from $14.50 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd.

U.S. Gold Stock Down 6.7 %

The stock’s fifty day moving average price is $3.96 and its 200 day moving average price is $5.02.

Insider Transactions at U.S. Gold

In related news, Director Luke Anthony Norman purchased 7,396 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were purchased at an average cost of $3.69 per share, for a total transaction of $27,291.24. Following the completion of the acquisition, the director now owns 300,561 shares in the company, valued at approximately $1,109,070.09. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in U.S. Gold by 19.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 9,281 shares of the technology company’s stock worth $83,000 after acquiring an additional 1,530 shares in the last quarter. State Street Corp lifted its position in shares of U.S. Gold by 72.2% during the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after buying an additional 9,600 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of U.S. Gold during the first quarter valued at about $172,000. 5.00% of the stock is currently owned by institutional investors.

U.S. Gold Company Profile

(Get Rating)

U.S. Gold Corp. operates as a gold and precious metals exploration company. It explores for gold, copper, silver, and zinc deposits. The company holds interest in the CK Gold project located in the Silver Crown mining district of southeast Wyoming. It also holds interests in the Keystone and Maggie Creek exploration properties located on the Cortez and Carlin Trends in Eureka County, Nevada; and the Challis Gold project located in Idaho.

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