U.S. Gold (NASDAQ:USAU) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

U.S. Gold Corp. (NASDAQ:USAU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.41 and traded as high as $6.46. U.S. Gold shares last traded at $6.41, with a volume of 82,700 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $11.00 target price on shares of U.S. Gold in a research report on Thursday, September 5th.

U.S. Gold Price Performance

The firm’s 50-day moving average is $5.69 and its 200-day moving average is $5.42. The company has a market capitalization of $57.77 million, a P/E ratio of -8.48 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share for the quarter. As a group, analysts forecast that U.S. Gold Corp. will post -0.94 EPS for the current fiscal year.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.