Thesis Gold (CVE:TAU) Director Purchases C$15,350.00 in Stock

Thesis Gold Inc. (CVE:TAU) Director Thomas Mumford acquired 5,000 shares of Thesis Gold stock in a transaction on Monday, June 8th. The shares were bought at an average cost of C$3.07 per share, for a total transaction of C$15,350.00. Following the completion of the transaction, the director owned 288,776 shares in the company, valued at approximately C$886,542.32. This trade represents a 1.76% increase in their position.

Thesis Gold Stock Down 2.9%

Shares of CVE:TAU traded down C$0.09 on Monday, hitting C$3.04. The company had a trading volume of 328,078 shares, compared to its average volume of 517,465. The firm’s 50-day simple moving average is C$3.37 and its two-hundred day simple moving average is C$2.89. The firm has a market capitalization of C$843.15 million, a price-to-earnings ratio of -152.00 and a beta of 2.35. Thesis Gold Inc. has a 1 year low of C$0.90 and a 1 year high of C$3.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Clarus Securities raised 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 price objective on Thesis Gold and gave the stock an “outperformer” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$4.50.