Thesis Gold (CVE:TAU) Shares Up 8.8% – Still a Buy?

Thesis Gold Inc. (CVE:TAU)’s stock price shot up 8.8% on Wednesday . The stock traded as high as C$3.59 and last traded at C$3.59. 647,736 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 445,197 shares. The stock had previously closed at C$3.30.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TAU. Clarus Securities upgraded shares of Thesis Gold to a “strong-buy” rating in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a C$6.00 target price on 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$4.50.

Thesis Gold Trading Up 8.8%

The firm’s fifty day moving average price is C$2.95 and its 200-day moving average price is C$3.12. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -119.67 and a beta of 2.57.