Troilus Gold Corp. (CVE:TLG – Get Free Report) shares traded up 18.6% during mid-day trading on Thursday. The stock traded as high as C$0.83 and last traded at C$0.83. Approximately 852 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 23,745 shares. The stock had previously closed at C$0.70.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TLG shares. ATB Cormark Capital Markets increased their price target on Troilus Gold from C$4.00 to C$4.80 and gave the stock a “top pick” rating in a report on Thursday, September 10th. Ventum Financial lifted their price objective on shares of Troilus Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, Troilus Gold currently has a consensus rating of “Strong Buy” and a consensus target price of C$4.65.
View Our Latest Research Report on Troilus Gold
Troilus Gold Trading Up 18.6%
The firm’s 50 day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.83. The stock has a market capitalization of C$40.45 million and a P/E ratio of -0.91. The company has a quick ratio of 7.28, a current ratio of 7.43 and a debt-to-equity ratio of 2.23.
About Troilus Gold
Troilus Gold Corp., a development-stage mineral exploration company, explores for and develops mineral properties in Canada. The company primarily explores for gold and copper deposits. It owns 100% interest in the Troilus project covering an area of 4,718.6 ha located to the northwest of the Val-d'Or district in Quebec. Troilus Gold Corp. is headquartered in Toronto, Canada.
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