U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,400 shares, an increase of 40.0% from the May 31st total of 1,000 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
U.S. GoldMining Price Performance
Shares of USGO stock traded up $0.56 during trading hours on Friday, reaching $6.34. The stock had a trading volume of 2,693 shares, compared to its average volume of 5,606. The stock’s fifty day simple moving average is $5.94 and its 200 day simple moving average is $6.16. 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 increased their price objective on U.S. GoldMining from $23.00 to $23.50 and gave the stock 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.
Further Reading
- Five stocks we like better than U.S. GoldMining
- Conference Calls and Individual Investors
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- How to Read Stock Charts for Beginners
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- The How And Why of Investing in Oil Stocks
- MarketBeat Week in Review – 6/24 – 6/28
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.
