Theta Gold Mines Ltd (ASX:TGM) shares shot up 6.1% during mid-day trading on Tuesday . The stock traded as high as A$0.18 ($0.13) and last traded at A$0.18 ($0.12), 306,321 shares were traded during trading. The stock had previously closed at A$0.17 ($0.12).
The company has a quick ratio of 0.08, a current ratio of 0.09 and a debt-to-equity ratio of 92.70. The firm’s 50 day simple moving average is A$0.16 and its 200-day simple moving average is A$0.14. The company has a market capitalization of $76.42 million and a PE ratio of -10.94.
In other Theta Gold Mines news, insider Guyang (Brett) Tang 500,000 shares of the stock in a transaction that occurred on Thursday, August 22nd.
Theta Gold Mines Limited operates as a gold exploration and development company in South Africa. Its flagship project is the TGME project that include 43 mines covering an area of approximately 62,000 hectares located near the town of Pilgrims Rest in Mpumalanga province. The company was formerly known as Stonewall Resources Limited and changed its name to Theta Gold Mines Limited in December 2018.
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