Augusta Gold Corp. Sees Significant Rise in Short Interest

Augusta Gold Corp. (OTCMKTS:AUGG) experienced a notable increase in short interest during the month of March. As of March 15th, the total short interest reached 23,700 shares, reflecting an impressive rise of 80.9% compared to the 13,100 shares reported on February 28th. With an average daily trading volume of 103,600 shares, the current days-to-cover ratio stands at 0.2 days. This indicates that around 0.1% of the company’s shares are currently short sold.

Augusta Gold Stock Performance

On the trading day last Friday, Augusta Gold's shares increased by 0.3%, reaching a price of $0.81. The trading volume was reported at 13,707 shares, which is lower than the company's average volume of 40,992 shares. Augusta Gold has a market capitalization of approximately $69.60 million, a price-to-earnings (PE) ratio of -9.00, and a beta value of 0.95. The stock has demonstrated a fifty-day moving average of $0.83 and a two-hundred-day moving average of $0.79. Notably, the shares have fluctuated between a 52-week low of $0.46 and a 52-week high of $1.17.

On March 17th, Augusta Gold announced its latest earnings results, reporting an earnings per share (EPS) of ($0.02) for the quarter.

About Augusta Gold

Augusta Gold Corp. is focused on the acquisition and exploration of mineral properties across the United States. The company primarily seeks to explore for gold, silver, and other valuable metals. Augusta Gold has interests in the Bullfrog gold project, which includes 734 unpatented lode mining claims along with mill site claims and 87 patented mining claims located in the Bullfrog Hills of Nye County, Nevada. Additionally, the company is developing the Reward Gold Project, comprising 123 unpatented Bureau of Land Management (BLM) placer and lode mining claims and six patented placer mining claims, covering approximately 2,333 acres, also situated in Nye County, Nevada.

Investment Considerations

Before investing in Augusta Gold, potential investors should evaluate the stock’s performance in light of market trends and analyst recommendations. While the current ratings reflect a hold status among analysts, there are other stocks that top analysts suggest may be better buys at this time.

Augusta, Gold, Stocks