Treasury Metals (TSE:TML) Trading Down 4.3%

Treasury Metals Inc. (TSE:TML) dropped 4.3% on Monday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 4,233,128 shares changed hands during trading, an increase of 2,999% from the average daily volume of 136,590 shares. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Separately, Cormark reduced their price objective on Treasury Metals from C$0.50 to C$0.30 in a report on Friday, March 1st.

Treasury Metals Stock Down 4.3 %

The stock has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.16. The company has a debt-to-equity ratio of 17.09, a current ratio of 3.66 and a quick ratio of 2.24. The stock has a market capitalization of C$41.16 million, a P/E ratio of -2.56 and a beta of 1.65.

Treasury Metals (TSE:TML) last posted its quarterly earnings results on Friday, March 22nd. The company reported C($0.02) EPS for the quarter. On average, research analysts forecast that Treasury Metals Inc. will post -0.02 earnings per share for the current year.

About Treasury Metals

Treasury Metals Inc operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 ha; four mining leases totaling 359.25 ha; and 28 land parcels totaling 1,347.189 ha.