For the readers interested in the stock health of Austin Gold Corp. (AUST). It is currently valued at $1.95. When the transactions were called off in the previous session, Stock hit the highs of $2.47, after setting-off with the price of $2.16. Company’s stock value dipped to $1.88 during the trading on the day. When the trading was stopped its value was $2.35.Recently in News on May 6, 2022, Austin Gold Corp. Closes Initial Public Offering, Including Full Exercise of the Over-allotment Option. Austin Gold Corp. (“Austin Gold” or the “Company”) (NYSE American: AUST) is pleased to announce the closing of its initial public offering of 3,265,000 of its common shares at a price of $4.00 per share. The company also announces that the underwriters have exercised their option to acquire an additional 489,750 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the Company, the Company has received net proceeds of approximately $13.85 million. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Austin Gold Corp. shares are logging -93.28% during the 52-week period from high price, and -15.22% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.30 and $29.00.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1641771 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Austin Gold Corp. (AUST) recorded performance in the market was -55.38%. At the time of this writing, the total market value of the company is set at 31.30M.
Austin Gold Corp. (AUST) in the eye of market guru’s
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AUST is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Austin Gold Corp. (AUST): Stocks Technical analysis and Trends
If we look into the earlier routines of Austin Gold Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -55.38%.