GT Gold (CVE:GTT) Stock Price Up 13.2% – Here’s Why

GT Gold Corp. (CVE:GTT) shares shot up 13.2% on Wednesday . The company traded as high as C$4.80 and last traded at C$3.85. 7,092 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 261,805 shares. The stock had previously closed at C$3.40.

GT Gold Price Performance

The company’s 50-day moving average price is C$3.85 and its 200-day moving average price is C$3.85. The company has a market cap of C$501.42 million and a P/E ratio of -45.83.

GT Gold Company Profile

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, and copper. Its flagship property is the Tatogga property, which covers an area of approximately 47,500.29 hectares located in the northwestern British Columbia. The company was incorporated in 2013 and is headquartered in Vancouver, Canada. As of May 17, 2021, GT Gold Corp. operates as a subsidiary of Newmont Corporation.