Troilus Gold (TSE:TLG) Hits New 52-Week High – Here’s Why

Troilus Gold Corp. (TSE:TLG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.23 and last traded at C$2.20, with a volume of 91762 shares changing hands. The stock had previously closed at C$2.18.

Analyst Upgrades and Downgrades

Separately, Cormark raised shares of Troilus Gold from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Troilus Gold Trading Down 1.4%

The stock has a market capitalization of C$1.18 billion, a PE ratio of -16.54 and a beta of 2.12. The stock’s fifty day simple moving average is C$1.79 and its 200-day simple moving average is C$1.39.

Troilus Gold (TSE:TLG) last released its quarterly earnings results on Thursday, December 4th. The company reported C$0.04 earnings per share for the quarter.

Troilus Gold Company Profile

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.