Triumph Gold (CVE:TIG) Shares Up 8.5% – What’s Next?

Shares of Triumph Gold Corp. (CVE:TIG) shot up 8.5% during trading on Tuesday . The stock traded as high as C$0.79 and last traded at C$0.77. 203,583 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 215,278 shares. The stock had previously closed at C$0.71.

Triumph Gold Price Performance

The firm’s fifty day moving average is C$0.65 and its 200-day moving average is C$0.44. The firm has a market cap of C$40.66 million, a price-to-earnings ratio of -12.83 and a beta of 0.93.

Triumph Gold Company Profile

Triumph Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold, silver, copper, and molybdenum deposits. Its flagship project is the Freegold Mountain project located in Yukon, Canada. The company was formerly known as Northern Freegold Resources Ltd. and changed its name to Triumph Gold Corp. in January 2017. Triumph Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.