New (USAU) Update: Trending Green, Today’s Profile Is Up Approximately 10%

StockWireNews

New (USAU) Update: Trending Green, Today's Profile Is Up Approximately 10%

August 13th

Good Morning,

What a hot start to the morning! USAU is making moves early...

Currently up an approximate 10%, USAU has already hit a high of $12.50 on the day.

With a 52-week high of $12.75, USAU could see an influx of volume flood in if that year high breaks down today.

On top of that, the company released more good news today.

If you haven't yet, read my full report on USAU and get it on your radar now.

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Let's hop to it. The market is now open and there is one NASDAQ profile you need on your radar now:

U.S. Gold Corp. (USAU)

U.S. Gold Corp. is a U.S.-focused gold exploration and development company advancing high potential projects in Nevada and Wyoming.

Previously, I brought USAU to your attention back on the morning of March 24th.

That day I alerted USAU at approximately $4.88. On March 25th, USAU climbed to a high of $12.74 for an overall, two day surge of approximately 161%.

Gold Demand Soars - Exploration Companies Could Be Next

With a massive surge in gold demand, exploration companies could be in a prime position to profit.

Elliott Management’s Paul Singer says gold is "one of the most undervalued” assets available and that its fair value is “multiples of its current price.”

Greenlight Capital’s David Einhorn says, “We believe the implied negative interest rates are bullish for gold and for unlevered real assets with pricing power.”

JPMorgan Chase are advising investors to hedge their risk with gold.

As of Wednesday, August 12th, the price of gold was over $1,900 an ounce and has been climbing rapidly as of recent.

Above is the 5-year gold price chart. Just look at what's been cooking over the past few months. Gold prices have been on a tear.

Partly because of this record surge, gold has been a heavily sought after item.

In turn, that could make gold exploration companies strongly targeted stocks in the short, medium, and long-terms.

Knowing this, I want to run a few potential catalysts for USAU by you because they could end up helping send this profile shares vertical moving forward.

Your Top #1 Potential USAU Catalyst

According to Yahoo Finance, USAU his a minuscule float.

The website reports this profile to have only 2.64Mn shares in its float.

That is super small...

So why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, the slightest bit of positive company news can send shares heading vertical in no time at all.

Don't forget what I mentioned above. USAU made an approximate 161% surge in a two-day period that last time I brought it to your attention.

Could the next bit of big news be right around the corner for USAU?

Your Top #2 Potential USAU Catalyst

On Monday, August 10th, H.C. Wainwright analyst, Heiko Ihle, raised the firm's price target on U.S. Gold to $19.50 from $16.50.

From Wednesday's close of $11.05, that gives USAU upside potential of approximately 76%!

Additionally, Ihle reiterated a "Buy" rating on the stock.

Previously, in a research note, Ihle commented that the company's second half of 2020 is likely to be "pivotal" as management continues to advance Copper King.

See the price target here.

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Your Top #3 Potential USAU Catalyst

Yesterday's news is a potential game-changer. Check it out:

U.S. Gold Corp. Acquires Northern Panther Resource Corporation Acquisition Brings Seasoned Mining Industry Professionals and up to $8.0Mn in Additional Capital

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Your Top #4 Potential USAU Catalyst

USAU is displaying extremely strong, bullish technicals at this very moment.

According to Barchart.com, USAU has several triggered technicals in small, medium, and long-term.

Here are some of the more important, bullish technicals to take into consideration:

Short Term Indicators

20 Day Moving Average
20 - 50 Day MACD Oscillator
20 - 100 Day MACD Oscillator
20 - 200 Day MACD Oscillator

Medium Term Indicators

50 Day Moving Average
50 - 100 Day MACD Oscillator
50 - 150 Day MACD Oscillator
50 - 200 Day MACD Oscillator

Long Term Indicators

100 Day Moving Average
150 Day Moving Average
200 Day Moving Average

On top of these all being triggered as bullish, Barchart also reports the same for its overall, composite indicator "TrendSpotter."

The site shares an overall "88% BUY" recommendation on overall average for USAU. This is up from a "40% BUY" recommendation from last month.

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Top Projects Copper King & Keystone Could Be Game-Changers

Click here to find the full link to USAU's investor presentation.

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Gold Continues Soaring... Will USAU Be Next?

Here's the deal, the market is already open today and USAU needs your immediate attention.

Due to those top 4 potential catalysts above, along with gold's price soaring in record fashion as the world continues to exist in turmoil, USAU could be your next major breakout.

Coverage officially initiated on USAU.

If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Kai Parker

StockWireNews

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Source 2

(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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