Gold Standard Ventures (NYSEAMERICAN:GSV) Trading Down 5.7%

Gold Standard Ventures Corp (NYSEAMERICAN:GSV) shares dropped 5.7% on Tuesday . The company traded as low as $0.65 and last traded at $0.66, approximately 780,292 shares were traded during trading. An increase of 47% from the average daily volume of 530,870 shares. The stock had previously closed at $0.70.

Separately, Zacks Investment Research cut shares of Gold Standard Ventures from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

The firm has a 50 day simple moving average of $0.96.

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in Gold Standard Ventures by 27.9% during the 2nd quarter. Morgan Stanley now owns 2,084,907 shares of the basic materials company’s stock worth $2,210,000 after buying an additional 454,694 shares during the period. Virtu Financial LLC grew its position in shares of Gold Standard Ventures by 173.7% in the 3rd quarter. Virtu Financial LLC now owns 71,033 shares of the basic materials company’s stock valued at $55,000 after buying an additional 45,077 shares during the last quarter. FMR LLC increased its stake in shares of Gold Standard Ventures by 1.5% in the fourth quarter. FMR LLC now owns 20,814,591 shares of the basic materials company’s stock valued at $17,632,000 after buying an additional 314,591 shares during the period. Credit Suisse AG acquired a new stake in shares of Gold Standard Ventures in the fourth quarter valued at about $101,000. Finally, Renaissance Technologies LLC bought a new position in shares of Gold Standard Ventures during the fourth quarter worth about $114,000.

Gold Standard Ventures Company Profile (NYSEAMERICAN:GSV)

Gold Standard Ventures Corp., an exploration stage company, engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering approximately 53,569 gross acres of land in Elko County, Nevada.

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