Troilus Gold (CVE:TLG) Stock Price Expected to Rise, Ventum Financial Analyst Says

Troilus Gold (CVE:TLG) had its target price raised by research analysts at Ventum Financial from C$4.00 to C$4.50 in a note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price target would indicate a potential upside of 442.17% from the stock’s previous close.

Troilus Gold Stock Up 18.6%

Shares of TLG traded up C$0.13 during mid-day trading on Thursday, reaching C$0.83. 852 shares of the stock traded hands, compared to its average volume of 23,745. The stock has a fifty day simple moving average of C$0.83 and a 200 day simple moving average of C$0.83. Troilus Gold has a 12-month low of C$0.70 and a 12-month high of C$2.25. The company has a quick ratio of 7.28, a current ratio of 7.43 and a debt-to-equity ratio of 2.23. The firm has a market cap of C$40.45 million and a price-to-earnings ratio of -0.91.

About Troilus Gold

Troilus Gold Corp., a development-stage mineral exploration company, explores for and develops mineral properties in Canada. The company primarily explores for gold and copper deposits. It owns 100% interest in the Troilus project covering an area of 4,718.6 ha located to the northwest of the Val-d'Or district in Quebec. Troilus Gold Corp. is headquartered in Toronto, Canada.