Treasury Metals (TSE:TML) Shares Up 5%

Treasury Metals Inc. (TSE:TML)’s stock price shot up 5% during trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.21. 347,760 shares changed hands during mid-day trading, an increase of 213% from the average session volume of 111,098 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

Separately, Cormark cut their price target on Treasury Metals from C$0.50 to C$0.30 in a research note on Friday, March 1st.

Treasury Metals Stock Performance

The company has a quick ratio of 2.24, a current ratio of 3.66 and a debt-to-equity ratio of 17.09. The company has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.16. The firm has a market cap of C$43.03 million, a price-to-earnings ratio of -2.56 and a beta of 1.65.

Treasury Metals (TSE:TML) last released its quarterly earnings results on Friday, March 22nd. The company reported C($0.02) EPS for the quarter. As a group, equities research analysts expect that Treasury Metals Inc. will post -0.02 EPS for the current fiscal year.

About Treasury Metals

Treasury Metals Inc operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 ha; four mining leases totaling 359.25 ha; and 28 land parcels totaling 1,347.189 ha.