Troilus Gold (TSE:TLG) Reaches New 12-Month High – Here’s What Happened

Shares of Troilus Gold Corp. (TSE:TLG) reached a new 52-week high during trading on Monday . The company traded as high as C$1.70 and last traded at C$1.70, with a volume of 514905 shares trading hands. The stock had previously closed at C$1.57.

Analysts Set New Price Targets

Separately, Cormark raised shares of Troilus Gold from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Troilus Gold Stock Up 7.0%

The company’s 50-day moving average is C$1.45 and its two-hundred day moving average is C$1.11. The company has a market capitalization of C$918.45 million, a P/E ratio of -12.92 and a beta of 2.60.

Troilus Gold (TSE:TLG) last announced its earnings results on Thursday, December 4th. The company reported C$0.04 earnings per share (EPS) for the quarter.

About Troilus Gold

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.