ASA Stock Summary and Trading Ideas (Asa Gold & Precious Metals | NYSE:ASA)

It is a fundamental policy (i.e., a policy that may be changed only by shareholder vote) of the Company that at least 80% of its total assets be (i) invested in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals, (ii) held as bullion or other direct forms of gold, silver, platinum or other precious minerals, (iii) invested in instruments representing interests in gold, silver, platinum or other precious minerals such as certificates of deposit therefor, and/or (iv) invested in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the

Asa Gold & Precious Metals trades on the NYSE stock market under the symbol ASA.

As of May 6, 2024, ASA stock price climbed to $17.80 with 13,385 million shares trading.

ASA has a beta of 0.29, meaning it tends to be less sensitive to market movements. ASA has a correlation of 0.02 to the broad based SPY ETF.

ASA has a market cap of $343.36 million. This is considered a Small Cap stock.

In the last 3 years, ASA stock traded as high as $24.70 and as low as $11.93.

ASA has underperformed the market in the last year with a price return of +4.1% while the SPY ETF gained +27.7%. However, in the short term, ASA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +22.9% vs +4.4% return in SPY. But in the last 2 weeks, ASA shares have been beat by the market, returning +1.9% compared to an SPY return of +3.9%.

ASA support price is $16.99 and resistance is $17.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASA stock will trade within this expected range on the day.