Nevada Gold & Casinos Shares Cross 200-Day Average

Got story updates? Submit your updates here. ›

Nevada Gold & Casinos, Inc. (NYSEAMERICAN:UWN), a regional gaming and hospitality company based in Carson City, Nevada, saw its shares cross above the 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.54 and traded as high as $2.56 before closing at $2.54 with 414,700 shares traded.

Why it matters

Crossing above the 200-day moving average is often seen as a bullish technical indicator, suggesting the stock may be entering a new upward trend. As a regional gaming operator focused on Nevada markets, Nevada Gold & Casinos' performance can provide insights into the broader state of the gaming industry.

The details

Nevada Gold & Casinos, Inc. is headquartered in Carson City, Nevada and is traded on the NYSE American under the ticker UWN. The company specializes in owning and operating casino properties, lodging facilities, dining venues and entertainment offerings primarily targeting local patrons and visitors across key Nevada markets. The company's flagship properties operate under the Gold Dust West brand in Nevada, featuring a mix of slot machines, table games, sports and race wagering, hotel accommodations, restaurants and meeting spaces.

• On Thursday, Nevada Gold & Casinos shares crossed above the 200-day moving average of $2.54.