Thesis Gold (CVE:TAU) Trading 9.8% Higher – Still a Buy?

Shares of Thesis Gold Inc. (CVE:TAU) rose 9.8% during trading on Tuesday . The stock traded as high as C$2.97 and last traded at C$2.91. Approximately 992,079 shares traded hands during mid-day trading, an increase of 86% from the average daily volume of 534,450 shares. The stock had previously closed at C$2.65.

Wall Street Analyst Weigh In

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

Thesis Gold Price Performance

The firm has a market capitalization of C$760.05 million, a PE ratio of -97.00 and a beta of 2.16. The company’s fifty day simple moving average is C$2.44 and its 200 day simple moving average is C$1.81.