GT Gold (CVE:GTT) Trading Up 13.2% – Here’s Why

GT Gold Corp. (CVE:GTT) shares shot up 13.2% during trading on Wednesday . The stock traded as high as C$4.80 and last traded at C$3.85. 7,092 shares changed hands during trading, a decline of 97% from the average session volume of 261,805 shares. The stock had previously closed at C$3.40.

GT Gold Stock Up 13.2%

The company has a market cap of C$501.42 million and a price-to-earnings ratio of -45.83. The firm has a 50-day simple moving average of C$3.85 and a 200 day simple moving average of C$3.85.

GT Gold Company Profile

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, and copper. Its flagship property is the Tatogga property, which covers an area of approximately 47,500.29 hectares located in the northwestern British Columbia. The company was incorporated in 2013 and is headquartered in Vancouver, Canada. As of May 17, 2021, GT Gold Corp. operates as a subsidiary of Newmont Corporation.