GT Gold (CVE:GTT) Trading 13.2% Higher – Still a Buy?

GT Gold Corp. (CVE:GTT) shares traded up 13.2% during mid-day trading on Wednesday . The company traded as high as C$4.80 and last traded at C$3.85. 7,092 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 261,805 shares. The stock had previously closed at C$3.40.

GT Gold Price Performance

The business’s 50-day moving average price is C$3.85 and its two-hundred day moving average price is C$3.85. The firm has a market cap of C$501.42 million and a price-to-earnings ratio of -45.83.

About GT Gold

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, and copper. Its flagship property is the Tatogga property, which covers an area of approximately 47,500.29 hectares located in the northwestern British Columbia. The company was incorporated in 2013 and is headquartered in Vancouver, Canada. As of May 17, 2021, GT Gold Corp. operates as a subsidiary of Newmont Corporation.