Reunion Gold (CVE:RGD) Sets New 12-Month High on Analyst Upgrade

Shares of Reunion Gold Co. (CVE:RGD) hit a new 52-week high on Monday after Stifel Nicolaus raised their price target on the stock from C$0.70 to C$0.80. The stock traded as high as C$0.61 and last traded at C$0.55, with a volume of 2612174 shares trading hands. The stock had previously closed at C$0.50.

Reunion Gold Stock Up 6.0 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 13.72 and a quick ratio of 13.90. The stock has a fifty day moving average price of C$0.44 and a two-hundred day moving average price of C$0.42. The company has a market cap of C$641.30 million, a P/E ratio of -10.00 and a beta of 1.18.

Reunion Gold Company Profile

Reunion Gold Corporation engages in the acquisition, exploration, and development of mineral projects in South America. The companys flagship project is the Oko West project located in Guyana. It also holds interest in other projects located in French Guiana and Suriname. The company was formerly known as New Sleeper Gold Corporation and changed its name to Reunion Gold Corporation in June 2006.