Troilus Gold (CVE:TLG) Shares Up 18.6% – Still a Buy?

Troilus Gold Corp. (CVE:TLG)’s stock price was up 18.6% during mid-day trading on Thursday. The stock traded as high as C$0.83 and last traded at C$0.83. 852 shares changed hands 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 Ratings Changes

Several research analysts have commented on TLG shares. ATB Cormark Capital Markets lifted their target price on Troilus Gold from C$4.00 to C$4.80 and gave the stock a “top pick” rating in a report on Thursday, September 10th. Ventum Financial increased their price target on Troilus Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$4.65.

Troilus Gold Stock Up 18.6%

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 market cap of C$40.45 million and a P/E ratio of -0.91. The stock’s 50-day simple moving average is C$0.83 and its 200 day simple moving average is 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.