Augusta Gold Corp. Experiences Significant Surge in Short Interest

Augusta Gold Corp. (OTCMKTS:AUGG - Get Free Report) experienced a considerable rise in short interest during March. By March 15th, the total short interest reached 23,700 shares, marking a substantial increase of 80.9% from the 13,100 shares recorded on February 28th. With an average daily trading volume of 103,600 shares, the current days-to-cover ratio stands at 0.2 days. Presently, approximately 0.1% of the company's shares are sold short.

Augusta Gold Shares Show Growth

On Friday, shares of AUGG stock climbed by 0.3%, reaching $0.81. The trading volume for the day was 13,707 shares, in contrast to the average volume of 40,992 shares. Augusta Gold holds a market capitalization of $69.60 million, has a price-to-earnings (PE) ratio of -9.00, and a beta of 0.95. Over the past fifty days, the stock has averaged $0.83, while the 200-day moving average is $0.79. Over the last year, Augusta Gold has seen a low of $0.46 and a high of $1.17.

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

About Augusta Gold Corp.

Augusta Gold Corp. focuses on the acquisition and exploration of mineral properties across the United States. The company primarily seeks to discover valuable minerals, including gold and silver. Augusta Gold is associated with significant projects like the Bullfrog Gold Project, which consists of 734 unpatented lode mining claims and mill site claims, along with 87 patented mining claims located in Nye County, Nevada. Another key asset is the Reward Gold Project, encompassing 123 unpatented Bureau of Land Management (BLM) placer and lode mining claims, plus six patented placer mining claims that cover around 2,333 acres in Nye County, Nevada.

Investor Considerations

For those considering an investment in Augusta Gold, it is advised to research fully before making a decision.

Currently, Augusta Gold holds a Hold rating among analysts. However, it is worth noting that leading analysts have highlighted five other stocks that they believe present better buying opportunities at this time.

Investors can explore these alternative options for informed decision-making.

Augusta, Gold, Short