ASA Gold and Precious Metals Limited (NYSE:ASA) is a company that focuses on investing in gold and other precious metals. It operates as a closed-end fund, providing investors with exposure to the precious metals sector. ASA competes with other investment funds and companies in the precious metals industry, offering a unique opportunity for investors interested in this market.

On October 27, 2025, Saba Capital Management, L.P., a significant shareholder of ASA, purchased 28,500 shares of the company's common stock at $44.08 per share. This transaction increased Saba Capital's total holdings to 5,079,840 shares. This move by Saba Capital is part of a broader trend of insider buying activity, which often signals confidence in the company's future prospects.

The recent insider buying activity has led to a notable increase in ASA's trading volume. As highlighted by Defense World, the trading volume surged to approximately 193,931 shares, a 104% increase from the previous session. This heightened activity reflects investor interest following the insider transactions, which can often influence market perceptions and stock performance.

Earlier, on October 20th, Saba Capital Management acquired 11,566 shares at an average price of $50.10 each, totaling an investment of $579,456.60. This purchase increased their ownership by 0.23%, bringing their total holdings to 4,964,743 shares. Such acquisitions by major shareholders can be seen as a positive indicator for the company's stock.

Currently, ASA's stock is trading at $45.41, with a recent price change of $0.92, reflecting a 2.07% increase. The stock has fluctuated between $44.15 and $45.65 today. Over the past year, ASA has seen a high of $53.76 and a low of $19.37, with a market capitalization of approximately $857 million. This volatility and market cap highlight the dynamic nature of investing in precious metals.