Shares of U.S. Gold Co. (UXG) saw unusually high trading volume on Tuesday. Approximately 2,759,569 shares changed hands during mid-day trading, an increase of 27.70% from the previous session. The stock last traded at $7.68.
On a related note, analysts at Zacks Investment Research reiterated a neutral rating on shares of U.S. Gold Co. in a research note to investors on Tuesday, December 28th.
US Gold Corporation (US Gold) is an exploration-stage company. The Company is engaged in the exploration for gold, silver, and other valuable minerals. It holds interests in several exploration properties in the State of Nevada and its properties in Sinaloa State, Mexico. The Company operates in two segments: Nevada and Mexico. A majority of the Companyâs Nevada properties, including its Tonkin and Gold Bar properties are located along the Cortez Trend, in north central Nevada. It also owns property, including its Limo property, on the Carlin Trend, which is located east of the Cortez Trend. The Companyâs primary properties in Mexico include the El Gallo Project, the Magistral Mine Property, and the Palmarito Project, in addition to large amounts of unexplored land. The Tonkin Complex is divided functionally into five areas: the Mine Corridor, Tonkin North, Patty, Keystone, and Tweed.
Shares of U.S. Gold Co. (UXG) traded up 6.34% during mid-day trading on Tuesday, hitting $7.72. The stocks 50-day moving average is $6.97 and its 200-day moving average is $6.09. The company has a market cap of $942.0 million.
