US Gold (USAU) Shares Are Gaining Momentum
Good day everyone,
We are continuing our coverage of U.S. Gold Corp. (NASDAQ: USAU) a gold, copper, silver, and zinc exploration and development company. Traders News Source May 26th, 2020 coverage of US Gold.
Current price $12.70 per share
USAU shares gapped at the open on Thursday from $12.01/share to an opening price of $12.22 per share. The shares quickly hit a high of $12.89 (+ 7%). In the first hour, USAU trading volume exceeded the daily average.
The news coming out of USAU regarding the development of two of its projects, CK Gold which we discussed today, and the Keystone Project (more on that in a report tomorrow) seem to be driving the company shares higher.
We want to emphasize once again how the tiny public float of only 2.69 million shares can influence a gaining price trend and point out that USAU shares were at $14.44/share just three weeks ago.
The fortunes of USAU are partly influenced by the price of gold as well. Since we started this current coverage of USAU, gold has jumped from $1,934/oz to $1,966, a trend we expect may continue.
US Gold has:
Advanced projects in development
Likely mineral reserves in excess of $200M
Big names in the mining industry in their management
Tiny share structure with high (22%) insider ownership
US Gold could potentially have $$ hundreds of millions in mineral reserves (mostly gold) and yet their market cap remains under $40M.
The Traders News Group
Original USAU report from this week below
US Gold (USAU) Is Advancing Project Development
Good day everyone,
We are continuing our coverage of U.S. Gold Corp. (NASDAQ: USAU) a gold, copper, silver, and zinc exploration and development company.
Current price $12.01 per share
Shares outstanding (est.) 2.92M
Float (est.) 2.69M
Insider ownership 22.38%
USAU shares are gaining as the company updates stakeholders on progress being made at their projects, but still lag their high of $14.44 per share established just 3 weeks ago.
It was just on August 13th that Mr. George Bee became President of the company and we wondered at the time what kind of impact he might have on the company.
Mr. Bee seems to be building a fire under some of the company projects. The news coming out from USAU indicates a new sense of urgency in developing stakeholder value through aggressive project development.
The case for USAU shares at the current price seems strong. The company has never been so far advanced in their site developments and precious metals are moving higher. Gold is currently at $1,934/ounce. Gold prices have taken a step back, seemingly in lock step with stocks, but remain near historical highs.
Now developing four major projects, CK Gold (fka Copper King), Keystone, Maggie Creek, and Challis Gold, USAU has turned itself into an entity focused on future mining endeavors, or an exit.
The CK Gold Project Prefeasibility Study (PFS) is now well underway with permits in place to conduct the follow-up drilling program initiated on September 3rd. Drilling is expected to conclude sometime in October, when a resource update is intended to be completed encompassing the new data and a complete re-evaluation of the existing core, which is now largely completed.
The PFS is a new study being done in 2020 and succeeds the Preliminary Economic Assessment, updated in 2017, that we have discussed previously.
Following what is anticipated to be a positive affirmation and improvement over prior work, the additional data is anticipated to advance the project towards the next stage of development. The CK Gold Project is expected to look more attractive when the PFS is completed.
The new company President, who came on board recently, was immediately drawn to review the available data on the CK Gold project and the Preliminary Economic Assessment, updated in 2017, indicating potential value of $200M at today’s mineral prices. Now the company is saying the PFS will make the project look even better. The company’s market cap is only $35M.
USAU has announced a series of Webinars in September to stay in touch with the investment community and offer transparency to its stakeholders. There will be a Q&A at the end of each presentation.
September 9, 2020 at 11:30 AM ET
September 15, 2020 at 11:30 am ET
September 22, 2020 at 11:30 am ET
September 29, 2020 at 11:30 am ET
8/17/2020 HC Wainwright Lower Price Target Buy $19.50 ➝ $18.00
Though HC Wainwright has lowered their target price slightly, it still represents a possible upside of 50%.
The price of gold remains at near record highs
Tiny float of 2.69M shares means the share price can advance quickly
Insiders hold 22.8% of the shares
Likely future consolidation within gold mining sector
As the stock chart indicates, USAU shares have aggressively passed their 50 DMA and 200 DMA of $9.26 and $7.41, respectively. We would also note that the company shares are leading their SMA 20 by 2.08%, their SMA 50 by 26.80%, and their SMA 200 by 57.03% indicating USAU shares may be trending.
We will have a full report on USAU soon,
The Traders News Group
Do we disclose any information to outside parties?
We hate spam and we do not sell, trade, or otherwise transfer to outside parties your personally identifiable information.
What information do we collect?
We collect information from you when you subscribe to our newsletter or fill out a form. This includes your email address only.
When registering on our site, as appropriate, you may be asked to enter your: e-mail address
What do we use your information for?
When we collect your email it is used for one purpose to send you the free information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails.
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested.
We send periodic emails
The email address you provide may be used to send you information, respond to inquiries, and/or other requests or questions.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use a secure third party to send email to you.
Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act. We therefore will not distribute your personal information to outside parties without your consent.
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: TNS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. TNS LLC’s parent company has been compensated twenty five thousand dollars cash via bank wire by venado media llc for our previous and continuing coverage this week of usau. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.
TNS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. TNS LLC is not a Broker/Dealer and does not engage in high frequency trading.