Thesis Gold (CVE:TAU) Trading 4.7% Higher – Still a Buy?

Thesis Gold Inc. (CVE:TAU)’s stock price rose 4.7% on Tuesday . The company traded as high as C$2.95 and last traded at C$2.89. 205,839 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 460,443 shares. The stock had previously closed at C$2.76.

Analysts Set New Price Targets

Several research analysts have issued reports on TAU shares. Clarus Securities upgraded shares of 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 shares of Thesis Gold and gave the stock an “outperformer” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, Thesis Gold currently has an average rating of “Buy” and a consensus price target of C$4.50.

Thesis Gold Price Performance

The business has a 50-day moving average of C$3.10 and a two-hundred day moving average of C$3.07. The company has a market cap of C$806.16 million, a P/E ratio of -144.50 and a beta of 2.55.

Insider Activity at Thesis Gold

In other Thesis Gold news, insider Ewan Webster sold 57,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were 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 approximately C$2,377,208.11. This represents a 7.48% decrease in their ownership of the stock. Insiders own 1.79% of the company’s stock.