Sprott Physical Gold Trust (TSE:PHYS.U) Reaches New 12-Month High - Here's What Happened

Key Points

• Sprott Physical Gold Trust (TSE:PHYS.U) shares reached a new 12-month high of C$33.12 during trading, reflecting an increase from a previous close of C$32.18.
• The Trust, with a market capitalization of C$15.42 billion and a PE ratio of 4.50, offers a secured investment alternative to direct physical gold bullion.
• The stock's performance is supported by its 50-day moving average of C$28.17 and a 200-day moving average of C$26.30.

Sprott Physical Gold Trust (TSE:PHYS.U - ) shares reached a new 52-week high during trading on Monday . The company traded as high as C$33.12 and last traded at C$33.12, with a volume of 486 shares changing hands. The stock had previously closed at C$32.18.

Sprott Physical Gold Trust Stock Performance

The business's 50-day moving average price is C$28.17 and its 200 day moving average price is C$26.30. The stock has a market capitalization of C$15.42 billion, a PE ratio of 4.50 and a beta of 0.25.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust is a closedend mutual fund trust. The Trust provides a secure convenient and exchangetraded investment without the inconvenience associated with a direct investment in physical gold bullion.

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