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The latest update is out from Austin Gold Corp. ( (AUST) ).
Austin Gold Corp. is advancing its exploration efforts in the U.S. with new geophysical and drilling plans for its Stockade Mountain and Lone Mountain projects. At Stockade Mountain, a CSAMT survey is planned to better target gold vein structures, with drilling deferred to incorporate survey results. At Lone Mountain, ongoing exploration has revealed significant enrichments of elements associated with gold anomalies. Additionally, Austin Gold has entered a marketing agreement with i2i Marketing Group to enhance investor awareness.
Spark’s Take on AUST Stock
According to Spark, TipRanks’ AI Analyst, AUST is a Underperform.
Austin Gold Corp.’s overall stock score is primarily impacted by its financial performance, which is constrained by a lack of revenue and negative cash flow. The technical analysis reflects a downward trend, and valuation metrics are challenging with a negative P/E ratio. The company’s strong equity position is a positive factor but is outweighed by the risks associated with its early-stage operations.
To see Spark’s full report on AUST stock, click here.
More about Austin Gold Corp.
Austin Gold Corp. is a gold exploration company focused on discovering district-scale gold deposits in the southwestern United States. The company has projects in Nevada, including the Kelly Creek and Lone Mountain Projects, and in Oregon with the Stockade Mountain Project. These projects are situated in prominent gold trends and geological environments conducive to gold mining.
Average Trading Volume: 96,831
Technical Sentiment Signal: Buy
For an in-depth examination of AUST stock, go to TipRanks’ Overview page.