Fury Gold Mines (NYSEAMERICAN:FURY) Trading Up 0.4% – What’s Next?

Fury Gold Mines Limited (NYSEAMERICAN:FURY) shares traded up 0.4% during trading on Thursday . The company traded as high as $0.6150 and last traded at $0.6105. Approximately 189,847 shares were traded during trading, a decline of 2% from the average daily volume of 193,246 shares. The stock had previously closed at $0.6078.

Fury Gold Mines Stock Performance

The stock’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.61. The company has a market cap of $116.07 million, a PE ratio of -6.10 and a beta of 0.72.

Hedge Funds Weigh In On Fury Gold Mines

A number of hedge funds have recently made changes to their positions in the stock. Ashford Capital Management Inc. boosted its position in Fury Gold Mines by 2.2% during the 1st quarter. Ashford Capital Management Inc. now owns 3,730,015 shares of the company’s stock worth $2,272,000 after purchasing an additional 80,000 shares during the period. Caisse de depot et placement du Quebec raised its holdings in shares of Fury Gold Mines by 98.8% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock worth $1,777,000 after purchasing an additional 1,494,253 shares during the period. Bank of America Corp DE raised its position in shares of Fury Gold Mines by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock worth $904,000 after purchasing an additional 104,900 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Fury Gold Mines by 35.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock worth $752,000 after acquiring an additional 334,385 shares during the period. Finally, U S Global Investors Inc. bought a new stake in Fury Gold Mines during the 1st quarter valued at $214,000. Institutional investors and hedge funds own 12.14% of the company’s stock.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.