Troilus Gold (CVE:TLG) Trading 18.6% Higher – What’s Next?

Troilus Gold Corp. (CVE:TLG)’s share price shot up 18.6% on Tuesday . The company traded as high as C$0.83 and last traded at C$0.83. 852 shares were traded during trading, a decline of 96% from the average daily volume of 23,745 shares. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Separately, Ventum Financial set a C$4.00 price target on Troilus Gold and gave the company a “buy” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Troilus Gold currently has a consensus rating of “Buy” and a consensus target price of C$3.00.

Troilus Gold Price Performance

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

About Troilus Gold

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. Troilus Gold Corp. is headquartered in Toronto, Canada.