Sprott Physical Gold Trust (TSE:PHYS.U) Sets New 52-Week High - Should You Buy?

Key Points

• Sprott Physical Gold Trust (TSE:PHYS.U) reached a new 52-week high during trading, peaking at C$30.28 before last trading at C$30.27.
• The stock has a market capitalization of C$14.00 billion and a low beta of 0.25, indicating lower volatility compared to the broader market.
• Sprott Physical Gold Trust is described as a closed-end mutual fund trust that offers investors a convenient way to invest in physical gold bullion without the associated hassles.

Sprott Physical Gold Trust (TSE:PHYS.U - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$30.28 and last traded at C$30.27, with a volume of 523 shares traded. The stock had previously closed at C$29.89.

Sprott Physical Gold Trust Stock Up 0.9%

The stock's 50 day moving average price is C$27.05 and its 200-day moving average price is C$25.78. The stock has a market capitalization of C$14.00 billion, a PE ratio of 4.09 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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