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With 214.95M Outstanding Shares, Can Sprott Physical Gold and Silver Trust (NYSE: CEF) Deliver Big Short-Term Gains?

Ginger Baker by Ginger Baker
March 16, 2023
in Technology and Energy
0

Sprott Physical Gold and Silver Trust (NYSE:CEF) currently has a daily average trading volume of 479.15K but it saw 1156977 shares traded on Wednesday. With a market cap of 3.82B USD, stock’s current market price of $17.79 came rising about 1.02 while comparing to the previous closing price of $17.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.14 and as low as $15.11.

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Taking a look at 20-day trading activity of Sprott Physical Gold and Silver Trust (CEF) gives us an average price of $17.15, while its current price level is -11.67% below from 52-week high level whereas it is 17.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.79 while that of 200 days or SMA-200 reads an average of $16.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.11% during that period while stretching the period over a month that decreases to 1.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.98 which implies that the stock is in neutral territory.

Over the week, CEF’s stock price is moving 7.17% up while it is 1.54% when we observe its performance for the past one month. Year-to-date it is -0.78% down and over the past year, the stock is showing a downside performance of -8.30%.

Currently, Sprott Physical Gold and Silver Trust’s total number of outstanding shares is 214.95M with 0.00% of that held by the insiders while 28.23% of its common stock has been owned by the institutions. Stock has a price to book (P/B) ratio of 1.10.

A filing at the U.S. Securities and Exchange Commission revealed that Jupiter Asset Mgmt Series Plc – came shrinking its share ownership by -17.12% in the Sprott Physical Gold and Silver Trust (CEF) decreasing its stake to 1.69% with control over -0.76 million shares in the company. As per SEC documents, Jupiter Asset Mgmt Series Plc – sought 3,661,305 of company’s common stock of worth $62.24 million as per recent closing price of the stock. Jupiter Asset Mgmt Series Plc – is not the only institutional holder which restructured its stake in Sprott Physical Gold and Silver Trust, as Cohen & Steers Closed End Opportu picked 362,868 shares of worth $6.17 million to bring its holdings to a total of 40183.0 shares.

Tags: CEFCEF stockNYSE:CEFSprott Physical Gold and Silver Trust
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