Sprott Physical Gold Trust Units ( (PHYS) ) just unveiled an update.
Sprott Physical Gold Trust has updated its at-the-market equity program to issue an additional US$1 billion of units in the U.S. and Canada. The proceeds from this program will be used to acquire physical gold bullion, aligning with the Trust’s investment objectives. This move is expected to strengthen the Trust’s position in the gold investment market and provide more opportunities for stakeholders to invest in physical gold assets.
More about Sprott Physical Gold Trust Units
Sprott Asset Management is a wholly-owned subsidiary of Sprott Inc., specializing in investment management. The company operates the Sprott Physical Gold Trust, a closed-ended mutual fund trust focused on investing in and holding physical gold bullion. The Trust is listed on the NYSE and TSX, catering to investors interested in gold assets.
YTD Price Performance: 16.54%
Average Trading Volume: 3,267,739
For detailed information about PHYS stock, go to TipRanks’ Stock Analysis page.