Technicals Say Austin Gold Corp. (AUST) Is A Hold

Austin Gold Corp. (AMEX:AUST) traded with an addition of $0.11 to close at $1.18on Thursday, an upside of 9.88 percent. An average of 166,864 shares of common stock have been traded in the last five days. There was a gain of $0.1935 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 189,936 shares traded, while the 50-day average volume stands at 218,038.

AUST stock has decreased by -26.24% in the last month. The company shares reached their 1-month lowest point of $0.9500 on 04/21/23. With the stock rallying to its 52-week high on 04/04/23, shares of the company touched a low of $0.70 and a high of $29.00 in 52 weeks. It has reached a new high 9 times so far this year and achieved 25.05% or $0.2397 in price. In spite of this, the price is down -95.93% from the 52-week high.

Financial Health

The quick ratio of Austin Gold Corp. for the three months ended December 30 was 127.70, and the current ratio was 127.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending December 30.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Austin Gold Corp.’s return on assets was -7.20%.

Earnings Surprise

The analyst consensus anticipated Austin Gold Corp.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.05, a -25.00% surprise. At the end of the quarter ending December 30, Austin Gold Corp.’s stock balance sheet showed total liabilities of 0.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Austin Gold Corp. (AUST) price momentum. RSI 9-day as of the close on 03 May was 57.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 75.20%.

As of today, AUST’s price is $1.0785 +19.55% or $0.1935 from its 5-day moving average. AUST is currently trading -14.86% lower than its 20-day SMA and +30.62% higher than its 100-day SMA. However, the stock’s current price level is +31.49% above the SMA50 and -28.62% below the SMA200.

The stochastic %K and %D were 46.45% and 32.22%, respectively, and the average true range (ATR) was 0.1401. With the 14-day stochastic at 68.65% and the average true range at 0.1498, the RSI (14) stands at 54.27%. The stock has reached 0.0622 on the 9-day MACD Oscillator while the 14-day reading was at 0.0275.

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