ASA Gold and Precious Metals (NYSE:ASA) Sees Strong Trading Volume – Here’s What Happened

ASA Gold and Precious Metals Limited (NYSE:ASA) shares saw strong trading volume on Wednesday . 194,574 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 101,274 shares.The stock last traded at $60.8350 and had previously closed at $62.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

ASA Gold and Precious Metals Price Performance

The firm’s 50-day moving average is $63.96 and its 200 day moving average is $63.27.

ASA Gold and Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, May 1st were given a dividend of $0.04 per share. The ex-dividend date was Friday, May 1st. This represents a yield of 13.0%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WHI TRUST Co LLC purchased a new position in shares of ASA Gold and Precious Metals during the 4th quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $31,000. Group One Trading LLC purchased a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals in the third quarter valued at approximately $55,000. Finally, Kestra Advisory Services LLC purchased a new position in ASA Gold and Precious Metals in the fourth quarter valued at approximately $58,000.

About ASA Gold and Precious Metals

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.