Gold Standard Ventures (NYSEAMERICAN:GSV) Stock Crosses Below 50 Day Moving Average of $0.72

Gold Standard Ventures Corp (NYSEAMERICAN:GSV)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.72 and traded as low as $0.59. Gold Standard Ventures shares last traded at $0.60, with a volume of 2,383,050 shares traded.

The stock has a fifty day simple moving average of $0.72. The firm has a market cap of $207.66 million, a price-to-earnings ratio of -14.52 and a beta of 0.97.

Gold Standard Ventures (NYSEAMERICAN:GSV) last issued its quarterly earnings results on Sunday, March 28th. The basic materials company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02).

Several large investors have recently added to or reduced their stakes in GSV. Van ECK Associates Corp raised its stake in shares of Gold Standard Ventures by 15.0% during the 3rd quarter. Van ECK Associates Corp now owns 14,996,396 shares of the basic materials company’s stock valued at $11,697,000 after purchasing an additional 1,950,554 shares during the period. Virtu Financial LLC bought a new stake in shares of Gold Standard Ventures during the 3rd quarter valued at $89,000. Toronto Dominion Bank bought a new stake in shares of Gold Standard Ventures during the 4th quarter valued at $34,000. Finally, Invenomic Capital Management LP raised its stake in shares of Gold Standard Ventures by 92.3% during the 4th quarter. Invenomic Capital Management LP now owns 567,458 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 272,308 shares during the period. Institutional investors own 22.24% of the company’s stock.

Gold Standard Ventures Company Profile (NYSEAMERICAN:GSV)

Gold Standard Ventures Corp., an exploration stage company, engages in the development of district-scale and other gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering an area of approximately 21,679 hectares located in the Elko County, Nevada.

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