Fury Gold Mines (NYSEAMERICAN:FURY) Trading Up 2.8% – Time to Buy?

Fury Gold Mines Limited (NYSEAMERICAN:FURY)’s share price traded up 2.8% during trading on Monday . The stock traded as high as $0.39 and last traded at $0.37. 195,742 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 147,363 shares. The stock had previously closed at $0.36.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their target price on Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

Fury Gold Mines Price Performance

The firm has a fifty day moving average price of $0.39. The company has a market cap of $56.22 million, a price-to-earnings ratio of -6.17 and a beta of 1.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. grew its holdings in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,111,015 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,354,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.