Torex Gold Resources (OTCMKTS:TORXF) Shares Up 3.2% – Here’s What Happened

Torex Gold Resources Inc. (OTCMKTS:TORXF) shot up 3.2% during trading on Thursday . The stock traded as high as $50.65 and last traded at $50.38. Approximately 13,750 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 52,831 shares. The stock had previously closed at $48.8325.

Analyst Upgrades and Downgrades

TORXF has been the topic of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources presently has a consensus rating of “Buy”.

Torex Gold Resources Stock Up 3.2%

The stock has a 50-day simple moving average of $41.24 and a 200 day simple moving average of $44.71.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based intermediate gold producer, developer and explorer that trades on the OTC Markets under the symbol TORXF. The company’s core business centers on the exploration, development and mining of gold deposits, with a focus on delivering sustainable production and growth through its flagship assets in Mexico.

The company’s principal operation is the Morelos Gold Project, located in the Guerrero Gold Belt of central Mexico. This integrated mining, processing and ancillary infrastructure complex includes the El Limón Guajes open pit mining area and supporting underground development.