Insider Buying: Thesis Gold (CVE:TAU) Director Purchases 5,000 Shares of Stock

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

Thesis Gold Stock Performance

Shares of TAU stock traded down C$0.09 on Monday, reaching C$3.04. The stock had a trading volume of 328,078 shares, compared to its average volume of 517,465. Thesis Gold Inc. has a 1 year low of C$0.90 and a 1 year high of C$3.98. The stock has a market cap of C$843.15 million, a P/E ratio of -152.00 and a beta of 2.35. The company has a 50 day simple moving average of C$3.37 and a 200 day simple moving average of C$2.89.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TAU shares. Canadian Imperial Bank of Commerce set a C$6.00 price objective on Thesis Gold and gave the stock an “outperformer” rating in a research note on Wednesday, May 6th. Clarus Securities upgraded Thesis Gold to a “strong-buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$4.50.