Thesis Gold (CVE:TAU) Shares Up 8.8% – Here’s Why

Thesis Gold Inc. (CVE:TAU)’s share price traded up 8.8% on Wednesday . The stock traded as high as C$3.59 and last traded at C$3.59. 647,736 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 445,197 shares. The stock had previously closed at C$3.30.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TAU. Clarus Securities upgraded Thesis Gold to a “strong-buy” rating in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a C$6.00 target price on Thesis Gold and gave the company an “outperformer” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$4.50.

Thesis Gold Price Performance

The firm has a market capitalization of C$1.00 billion, a price-to-earnings ratio of -119.67 and a beta of 2.57. The firm has a 50 day moving average price of C$2.95 and a 200-day moving average price of C$3.12.