Dakota Gold (NYSE:DC) Trading 12.3% Higher – Here’s Why

Dakota Gold Corp. (NYSE:DC) traded up 12.3% during mid-day trading on Wednesday . The stock traded as high as $5.05 and last traded at $5.1750. 1,039,562 shares were traded during mid-day trading, an increase of 45% from the average session volume of 716,789 shares. The stock had previously closed at $4.61.

Dakota Gold Stock Up 15.3%

The stock has a market cap of $601.99 million, a price-to-earnings ratio of -12.96 and a beta of 1.13. The stock has a fifty day moving average of $4.41 and a two-hundred day moving average of $4.11.

Insiders Place Their Bets

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $4.66, for a total transaction of $233,000.00. Following the completion of the transaction, the director owned 918,199 shares in the company, valued at approximately $4,278,807.34. The trade was a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.40% of the stock is currently owned by insiders.

Institutional Trading of Dakota Gold

Several large investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. bought a new stake in Dakota Gold in the third quarter valued at about $163,000. Financial Engines Advisors L.L.C. bought a new stake in shares of Dakota Gold in the 3rd quarter valued at approximately $46,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Dakota Gold in the 3rd quarter worth approximately $46,000. Qube Research & Technologies Ltd raised its holdings in shares of Dakota Gold by 665.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 133,427 shares of the company’s stock worth $607,000 after buying an additional 115,991 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Dakota Gold by 122.3% during the 3rd quarter. Mariner LLC now owns 104,670 shares of the company’s stock worth $476,000 after buying an additional 57,577 shares during the period. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Company Profile

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.