Terraco Gold (CVE:TEN) Share Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Terraco Gold Corp (CVE:TENGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.14 and traded as high as C$0.15. Terraco Gold shares last traded at C$0.15, with a volume of 1,837,916 shares trading hands.

Terraco Gold Price Performance

The stock has a market capitalization of C$26.44 million and a P/E ratio of -6.90. The business’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.14. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 43.73.

About Terraco Gold

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Terraco Gold Corp., a precious metals royalty and exploration company, engages in the acquisition and exploration of mineral properties in the United States. It holds a 100% interest in the Almaden project, which consists of 12 leased patented lode mining claims, 208 unpatented lode mining claims, and approximately 280 acres of private fee ground located in Washington County, Idaho. The company also has royalty interests in the Spring Valley gold project and the Moonlight Project located in Pershing County, Nevada.

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