Troilus Gold (TSE:TLG) Reaches New 1-Year High – Here’s What Happened

Shares of Troilus Gold Corp. (TSE:TLG) reached a new 52-week high on Thursday . The stock traded as high as C$2.33 and last traded at C$2.26, with a volume of 1885347 shares traded. The stock had previously closed at C$2.28.

Wall Street Analysts Forecast Growth

Separately, Cormark raised Troilus Gold from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Troilus Gold Price Performance

The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of -17.31 and a beta of 2.12. The business has a 50-day moving average of C$1.88 and a 200-day moving average of C$1.46.

Troilus Gold (TSE:TLG) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$0.04 earnings per share for the quarter.

About Troilus Gold

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.