Sprott Physical Gold Trust (TSE:PHYS.U) Sets New 12-Month High - Still a Buy?

Key Points

• Sprott Physical Gold Trust shares reached a new 52-week high of C$29.29, demonstrating strong trading activity with a volume of 3,400 shares.
• The stock has a market capitalization of C$13.59 billion and a PE ratio of 3.97, indicating solid financial performance.
• Sprott Physical Gold Trust operates as a closed-end mutual fund trust, allowing investors to trade without the complexities of investing directly in physical gold bullion.

Shares of Sprott Physical Gold Trust (TSE:PHYS.U - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$29.29 and last traded at C$29.29, with a volume of 3400 shares trading hands. The stock had previously closed at C$28.86.

Sprott Physical Gold Trust Stock Performance

The business's fifty day moving average price is C$26.68 and its 200-day moving average price is C$25.56. The stock has a market cap of C$13.59 billion, a PE ratio of 3.97 and a beta of 0.11.

Sprott Physical Gold Trust Company Profile

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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