Troilus Gold (CVE:TLG) Stock Jumps 18.6% – Here’s What Happened

Troilus Gold Corp. (CVE:TLG) traded up 18.6% during trading on Thursday. The company traded as high as C$0.83 and last traded at C$0.83. Approximately 852 shares were traded during mid-day trading, a decline of 96% from the average session volume of 23,745 shares. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. ATB Cormark Capital Markets lifted their price objective on shares of 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 upped their target price 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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$4.65.

Troilus Gold Stock Performance

The business has a 50-day moving average of C$0.83 and a two-hundred day moving average of C$0.83. The company has a debt-to-equity ratio of 2.23, a current ratio of 7.43 and a quick ratio of 7.28. The company has a market cap of C$40.45 million and a P/E ratio of -0.91.

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.