Telson Mining (CVE:TSN) Shares Up 1.5% – Here’s Why

Telson Mining Co. (CVE:TSN)’s stock price was up 1.5% during mid-day trading on Monday . The stock traded as high as C$0.67 and last traded at C$0.67. Approximately 4,200 shares changed hands during trading, a decline of 97% from the average daily volume of 136,603 shares. The stock had previously closed at C$0.66.

Telson Mining Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.34 and a debt-to-equity ratio of 1,655.21. The company has a market capitalization of C$167.95 million and a PE ratio of -15.23. The business has a 50 day simple moving average of C$0.67 and a 200 day simple moving average of C$0.67.

About Telson Mining

Telson Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Mexico. The company primarily explores for gold, silver, lead, zinc, and copper deposits. It holds 100% interests in the Campo Morado mine consisting of six mining concessions covering an area of approximately 12,045 hectares located in Guerrero state, Mexico; and the Tahuehueto project comprising 28 mining concessions covering an area of 7,492 hectares located in Durango State, Mexico. The company was formerly known as Telson Resources Inc and changed its name to Telson Mining Corporation in February 2018.