Thesis Gold (CVE:TAU) Shares Up 0.3% – Here’s Why

Thesis Gold Inc. (CVE:TAU)’s stock price shot up 0.3% on Monday . The stock traded as high as C$2.95 and last traded at C$2.91. Approximately 99,598 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 494,303 shares. The stock had previously closed at C$2.90.

Analysts Set New Price Targets

TAU has been the topic of several recent analyst reports. Clarus Securities raised Thesis Gold to a “strong-buy” rating in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a C$6.00 price target on Thesis Gold and gave the stock an “outperformer” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$4.50.

Thesis Gold Price Performance

The company has a market capitalization of C$807.09 million, a price-to-earnings ratio of -145.50 and a beta of 2.35. The business’s 50 day simple moving average is C$3.29 and its 200 day simple moving average is C$3.01.

Insider Activity at Thesis Gold

In related news, insider Ewan Webster sold 57,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$3.37, for a total transaction of C$192,090.00. Following the completion of the sale, the insider directly owned 705,403 shares of the company’s stock, valued at C$2,377,208.11. This trade represents a 7.48% decrease in their ownership of the stock. 1.79% of the stock is owned by company insiders.