Shares of Teranga Gold Corp (TSE:TGZ) shot up 1.7% during mid-day trading on Friday . The stock traded as high as C$2.48 and last traded at C$2.43. 231,481 shares traded hands during trading, a decline of 39% from the average session volume of 381,536 shares. The stock had previously closed at C$2.39.

Separately, Royal Bank Of Canada raised shares of Teranga Gold Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 18th.

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About Teranga Gold Corp

Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.

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