Thunder Mountain Gold (OTCMKTS:THMG) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Thunder Mountain Gold Inc. (OTCMKTS:THMG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.78 and traded as low as $0.7414. Thunder Mountain Gold shares last traded at $0.75, with a volume of 37,457 shares.

Thunder Mountain Gold Trading Up 1.4%

The firm has a market capitalization of $69.95 million, a price-to-earnings ratio of -18.75 and a beta of 0.44. The business has a 50-day moving average of $0.75 and a two-hundred day moving average of $0.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.15.

Thunder Mountain Gold (OTCMKTS:THMG) last released its earnings results on Tuesday, May 12th. The basic materials company reported ($0.01) earnings per share for the quarter.

About Thunder Mountain Gold

Thunder Mountain Gold, Inc explores for and develops mining properties in Nevada and Idaho, the United States. It explores for zinc, silver, gold, and copper deposits, as well as base metals and other commodities. The company holds interests in the South Mountain property that includes 18 patented mining claims covering an area of approximately 346 acres; 36 acres of private land; 21 unpatented mining lode claims covering an area of approximately 290 acres; leased private land covering approximately 489 acres; and private land not contiguous with the mining claims covering an area of 360 acres located in the South Mountain Mining District, Owyhee County, Idaho.