Troilus Gold (TSE:TLG) Stock Price Down 9.2% – Here’s Why

Troilus Gold Corp. (TSE:TLG)’s share price traded down 9.2% during mid-day trading on Thursday . The stock traded as low as C$1.27 and last traded at C$1.29. 2,287,790 shares traded hands during mid-day trading, an increase of 182% from the average session volume of 811,694 shares. The stock had previously closed at C$1.42.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Troilus Gold from a “moderate buy” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Troilus Gold Stock Performance

The stock has a 50-day moving average of C$1.23 and a 200-day moving average of C$0.86. The firm has a market cap of C$509.30 million, a price-to-earnings ratio of -11.55 and a beta of 2.89.

Troilus Gold Company Profile

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.