Troilus Gold (CVE:TLG) Shares Up 18.6% – Still a Buy?

Troilus Gold Corp. (CVE:TLG) shot up 18.6% on Thursday. The stock traded as high as C$0.83 and last traded at C$0.83. Approximately 852 shares traded hands during trading, a decline of 96% from the average session volume of 23,745 shares. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

TLG has been the topic of a number of analyst reports. Ventum Financial increased their price target on Troilus Gold from C$4.00 to C$4.50 and gave the company a “buy” rating in a research report on Thursday, September 10th. ATB Cormark Capital Markets boosted their price objective on Troilus Gold from C$4.00 to C$4.80 and gave the stock a “top pick” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of C$4.65.

Troilus Gold Price Performance

The stock’s fifty day moving average price is C$0.83 and its two-hundred day moving average price is C$0.83. The firm has a market capitalization of C$40.45 million and a price-to-earnings ratio of -0.91. The company has a current ratio of 7.43, a quick ratio of 7.28 and a debt-to-equity ratio of 2.23.

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.