U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,800 shares, an increase of 28.6% from the June 15th total of 1,400 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,900 shares, the short-interest ratio is presently 0.2 days.
U.S. GoldMining Trading Down 0.2 %
USGO stock traded down $0.01 during mid-day trading on Friday, hitting $6.10. 14,592 shares of the company were exchanged, compared to its average volume of 8,102. The business has a fifty day simple moving average of $5.95 and a 200-day simple moving average of $6.06. U.S. GoldMining has a 12-month low of $4.91 and a 12-month high of $13.98.
Wall Street Analyst Weigh In
Separately, HC Wainwright raised their price objective on shares of U.S. GoldMining from $23.00 to $23.50 and gave the stock a “buy” rating in a research 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.
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