Teranga Gold (OTCMKTS:TGCDF) Shares Climb 0.5% – Still a Buy?

Teranga Gold Co. (OTCMKTS:TGCDF – Get Free Report) traded up 0.5% during trading on Thursday. The stock traded as high as $9.90 and last traded at $9.7496. Approximately 17,000 shares changed hands during trading, a decline of 26% from the average session volume of 22,890 shares. The stock had previously closed at $9.70.

Teranga Gold Stock Up 0.5%

The stock’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $9.75.

Teranga Gold Company Profile

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Teranga Gold Corporation was a Canadian gold-mining company focused on the acquisition, development and operation of gold assets in West Africa. Its principal business was the exploration, production and sale of gold, supported by mining, processing and related infrastructure activities.

The company’s flagship operation was the Sabodala gold mine in Senegal. Teranga later expanded its regional portfolio through the Wahgnion mine in Burkina Faso and development of the Massawa project in Senegal, which was integrated with Sabodala to form the Sabodala-Massawa complex.

Teranga Gold merged with Endeavour Mining Corporation in 2021, and its assets and operations became part of Endeavour’s West African portfolio.

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