Thesis Gold (CVE:TAU) Trading 4.7% Higher – Still a Buy?

Thesis Gold Inc. (CVE:TAU)’s share price traded up 4.7% during trading on Tuesday . The stock traded as high as C$2.95 and last traded at C$2.89. 205,839 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 460,443 shares. The stock had previously closed at C$2.76.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TAU. Clarus Securities upgraded 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 target on shares of Thesis Gold and gave the stock an “outperformer” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, Thesis Gold currently has an average rating of “Buy” and an average target price of C$4.50.

Thesis Gold Stock Down 5.3%

The stock has a market cap of C$797.79 million, a P/E ratio of -143.00 and a beta of 2.55. The company’s 50 day moving average price is C$3.08 and its two-hundred day moving average price is C$3.08.

Insiders Place Their Bets

In other Thesis Gold news, insider Ewan Webster sold 57,000 shares of Thesis Gold stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$3.37, for a total transaction of C$192,090.00. Following the completion of the sale, the insider directly owned 705,403 shares of the company’s stock, valued at C$2,377,208.11. The trade was a 7.48% decrease in their position. 1.79% of the stock is currently owned by company insiders.