Thesis Gold (CVE:TAU) Trading 7.7% Higher – What’s Next?

Thesis Gold Inc. (CVE:TAU)’s stock price was up 7.7% on Monday . The company traded as high as C$2.66 and last traded at C$2.66. Approximately 694,837 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 369,110 shares. The stock had previously closed at C$2.47.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$3.00 price objective on shares of Thesis Gold and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$3.00.

Thesis Gold Price Performance

The stock’s fifty day simple moving average is C$2.05 and its 200-day simple moving average is C$1.61. The firm has a market cap of C$689.28 million, a PE ratio of -133.00 and a beta of 1.88.