Troilus Gold (TSE:TLG) Trading 2.2% Higher – What’s Next?

Troilus Gold Corp. (TSE:TLG) shares traded up 2.2% on Thursday . The company traded as high as C$1.87 and last traded at C$1.84. 2,068,872 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 1,874,632 shares. The stock had previously closed at C$1.80.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets raised Troilus Gold to a “strong-buy” rating in a research note on Friday, May 1st. Maxim Group upgraded Troilus Gold to a “strong-buy” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Troilus Gold Stock Performance

The business’s 50-day moving average is C$1.77 and its 200-day moving average is C$1.81. The company has a market capitalization of C$1.02 billion, a PE ratio of -12.27 and a beta of 2.40.

Troilus Gold (TSE:TLG) last released its earnings results on Friday, June 5th. The company reported C($0.04) EPS for the quarter.

About Troilus Gold

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.