Troilus Gold (CVE:TLG) Shares Climb 18.6% – Here’s What Happened

Shares of Troilus Gold Corp. (CVE:TLG) rose 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 traded hands 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.

Analyst Upgrades and Downgrades

TLG has been the subject of a number of research analyst reports. ATB Cormark Capital Markets raised their target price on Troilus Gold from C$4.00 to C$4.80 and gave the company a “top pick” rating in a report on Thursday, September 10th. Ventum Financial boosted their price target on shares of Troilus Gold from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$4.65.

Troilus Gold Stock Performance

The company has a current ratio of 7.43, a quick ratio of 7.28 and a debt-to-equity ratio of 2.23. The company has a market capitalization of C$40.45 million and a price-to-earnings ratio of -0.91. The stock’s fifty day simple moving average is C$0.83 and its 200-day simple moving average is C$0.83.

Troilus Gold Company Profile

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.