Teranga Gold (TSE:TGZ) Reaches New 1-Year High at $5.85

Teranga Gold Corp (TSE:TGZ) shares hit a new 52-week high on Monday . The stock traded as high as C$5.85 and last traded at C$5.79, with a volume of 283638 shares changing hands. The stock had previously closed at C$5.70.

Separately, Eight Capital reiterated a “buy” rating and set a C$10.00 price objective on shares of Teranga Gold in a research report on Monday, August 12th.

The company has a debt-to-equity ratio of 29.58, a quick ratio of 0.23 and a current ratio of 0.69. The company’s fifty day moving average price is C$5.36 and its 200-day moving average price is C$4.79. The stock has a market cap of $585.27 million and a P/E ratio of -19.79.

About Teranga Gold (TSE:TGZ)

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.

Further Reading: Trade Deficit

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