Stock Market News
Austin Gold Halted Multiple Times Following 400%+ IPO Surge
2022.05.04 20:46
Austin Gold (AUST) Halted Multiple Times Following 400%+ IPO Surge
Today’s IPO for Austin Gold Corp. (AUST) has been halted multiple times on volatility after surging over 400% since coming public at $4 per share earlier today. Shares are giving back some of the mid-day gains.
The stock opened at $6.50 after pricing 3,265,000 of its common shares at a price of $4.00 per share. They went as high as $29 and were last halted at $20.03.
Roth Capital Partners is acting as sole book-running manager for the offering with Pacific Century Securities as a co-manager.
Austin Gold is a gold exploration company focused on gold targets and making district-scale gold discoveries in Nevada.
