Fury Gold Mines (NYSEAMERICAN:FURY) Shares Down 1.6% - Here's What Happened

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report)'s stock price was down 1.6% during trading on Monday . The stock traded as low as $0.37 and last traded at $0.38. Approximately 213,584 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 149,911 shares. The stock had previously closed at $0.39.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their price objective on Fury Gold Mines from $2.00 to $1.10 and set a "buy" rating for the company in a research note on Tuesday, January 14th.

Fury Gold Mines Trading Down 2.8 %

The company has a market capitalization of $55.08 million, a PE ratio of -6.04 and a beta of 1.02.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. boosted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,311,015 shares of the company's stock after acquiring an additional 200,000 shares during the period. Ashford Capital Management Inc. owned about 2.18% of Fury Gold Mines worth $1,225,000 at the end of the most recent quarter. 12.14% of the stock is owned by institutional investors and hedge funds.

Fury Gold Mines Company Profile

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.