Home / Financial / 3.11% Dive in Shares of U.S. Global Investors Inc. (GROW) Drags on Financial Sector in Early Trading on September 23

3.11% Dive in Shares of U.S. Global Investors Inc. (GROW) Drags on Financial Sector in Early Trading on September 23

U.S. Global Investors Inc. (GROW) started the trading day on a down note, making it one of the worst performing stocks in the financial sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of GROW have fallen 3.11% about 30 minutes into the session to $1.87 after closing the day prior at $1.93. It’s early, but the stock has traded as high as $1.91 and as low as $1.87 so far. Today’s quick decline has come with about 1,496 shares changing hands, compared to an average 30-day volume of 32,216 for U.S. Global Investors Inc.. The price is currently below the 30-day volume weighted average price of $1.9 for GROW.

The share depreciation gives the company a market capitalization of $29.41 million based upon 15.24 million shares outstanding. It also means that GROW has a price-to-book ratio of 1.2:1.

In the past 52 weeks, shares of GROW have traded as low as $0.9623 and as high as $2.327. Technical traders will take note that at $1.87, shares of GROW are trading above their 200-day MA at $1.69 and below their 50-day MA at $2.05. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is GROW?

US Global Investors Inc with and its subsidiaries provide investment advisory services, distribution services and administrative services. The Company offers its services to U.S. Global Investors Funds. The company’s 25 employees are led by CEO Frank Edward Holmes from the corporate headquarters at 7900 Callaghan Road in San Antonio, TX.


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