U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 5,300 shares, a growth of 82.8% from the July 31st total of 2,900 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is presently 0.5 days.
U.S. GoldMining Price Performance
Shares of U.S. GoldMining stock traded down $0.05 during trading on Wednesday, reaching $5.10. 6,913 shares of the company’s stock were exchanged, compared to its average volume of 7,984. The firm’s 50-day moving average price is $5.79 and its 200 day moving average price is $5.87. U.S. GoldMining has a 1-year low of $4.91 and a 1-year high of $10.19.
Analyst Ratings Changes
Separately, HC Wainwright raised their target price on shares of U.S. GoldMining from $23.00 to $23.50 and gave the company a “buy” rating in a report on Wednesday, June 5th.
About U.S. GoldMining
U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.
Featured Articles
- Five stocks we like better than U.S. GoldMining
- The 3 Best Retail Stocks to Shop for in August
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- Why Invest in High-Yield Dividend Stocks?
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- Manufacturing Stocks Investing
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for U.S. GoldMining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. GoldMining and related companies with MarketBeat.com's FREE daily email newsletter.
