Fury Gold Mines (NYSEAMERICAN:FURY) Stock Price Down 1.8% - Here's Why

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was down 1.8% on Wednesday . The stock traded as low as $0.50 and last traded at $0.51. Approximately 156,946 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 150,962 shares. The stock had previously closed at $0.51.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on Fury Gold Mines from $1.10 to $1.20 and gave the stock a "buy" rating in a report on Monday, April 21st.

Fury Gold Mines Stock Up 1.8%

The firm has a 50-day moving average of $0.44 and a two-hundred day moving average of $0.41. The company has a market capitalization of $88.22 million, a PE ratio of -0.95 and a beta of 0.81.

Institutional Trading of Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. increased its position in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,311,015 shares of the company's stock after purchasing an additional 200,000 shares during the quarter. Ashford Capital Management Inc. owned approximately 2.18% of Fury Gold Mines worth $1,225,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 12.14% of the company's stock.

About Fury Gold Mines

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.