Troilus Gold Corp. (CVE:TLG)’s share price shot up 18.6% during trading on Wednesday . The company traded as high as C$0.83 and last traded at C$0.83. 852 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 23,745 shares. The stock had previously closed at C$0.70.
Separately, Cormark upgraded Troilus Gold from a “buy” rating to a “top pick” rating in a report on Wednesday, May 19th.
The company has a quick ratio of 7.28, a current ratio of 7.43 and a debt-to-equity ratio of 2.23. The firm has a fifty day moving average of C$0.83.
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.
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