Thunder Mountain Gold (OTCMKTS:THMG) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Thunder Mountain Gold Inc. (OTCMKTS:THMG)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.80 and traded as low as $0.7315. Thunder Mountain Gold shares last traded at $0.7315, with a volume of 2,600 shares traded.

Thunder Mountain Gold Stock Performance

The firm has a market capitalization of $73.58 million, a price-to-earnings ratio of -19.73 and a beta of 0.52. The firm has a 50 day moving average price of $0.86 and a 200-day moving average price of $0.80. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.73 and a quick ratio of 0.73.

Thunder Mountain Gold (OTCMKTS:THMG) last released its earnings results on Friday, August 14th. The basic materials company reported ($0.01) EPS for the quarter.

Thunder Mountain Gold Company Profile

Thunder Mountain Gold Inc is a mineral exploration and development company focused on identifying and advancing precious- and base-metal properties. The company’s activities include exploration, geological evaluation, permitting, and project development rather than the production or sale of finished mineral products.

Its principal asset is the South Mountain Project in southwestern Idaho, within the historic South Mountain Mining District of Owyhee County. The project is associated with deposits containing zinc, lead, silver, copper, and gold, and includes a combination of patented and unpatented mining claims.