Troilus Gold (CVE:TLG) Trading 18.6% Higher – Should You Buy?

Shares of Troilus Gold Corp. (CVE:TLG) shot up 18.6% on Thursday . The company traded as high as C$0.83 and last traded at C$0.83. 852 shares changed hands during trading, a decline of 96% from the average session volume of 23,745 shares. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

Separately, Haywood Securities raised their price target on Troilus Gold from C$1.25 to C$2.00 in a report on Friday, August 29th.

Troilus Gold Stock Up 18.6%

The company has a market cap of C$40.45 million and a price-to-earnings ratio of -0.91. The company has a debt-to-equity ratio of 2.23, a current ratio of 7.43 and a quick ratio of 7.28. The firm has a 50-day moving average price of C$0.83 and a 200 day moving average price of C$0.83.

Troilus Gold Company Profile

Troilus Gold Corp., a development-stage mineral exploration company, explores for and develops mineral properties in Canada. The company primarily explores for gold and copper deposits. It owns 100% interest in the Troilus project covering an area of 4,718.6 ha located to the northwest of the Val-d'Or district in Quebec.