Teranga Gold Corp (TSE:TGZ)’s share price shot up 4.5% on Monday . The stock traded as high as C$3.48 and last traded at C$3.46. 88,795 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 149,807 shares. The stock had previously closed at C$3.31.

The firm has a 50 day moving average price of C$3.28. The company has a debt-to-equity ratio of 21.01, a current ratio of 1.01 and a quick ratio of 0.52. The firm has a market capitalization of $356.11 million and a PE ratio of 69.20.

Teranga Gold (TSE:TGZ) last posted its quarterly earnings results on Friday, May 3rd. The company reported C$0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.04). The firm had revenue of C$122.49 million for the quarter. On average, research analysts expect that Teranga Gold Corp will post 0.4 earnings per share for the current year.

In other Teranga Gold news, Senior Officer Navin Dyal purchased 14,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of C$3.08 per share, with a total value of C$43,120.00. Following the completion of the purchase, the insider now owns 36,500 shares in the company, valued at approximately C$112,420.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/teranga-gold-tsetgz-shares-up-4-5/3044323.html.

Teranga Gold Company Profile (TSE:TGZ)

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.

Featured Story: Beta

Receive News & Ratings for Teranga Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teranga Gold and related companies with MarketBeat.com's FREE daily email newsletter.