Troilus Gold (CVE:TLG) Shares Up 18.6% – Should You Buy?

Troilus Gold Corp. (CVE:TLG) shares shot up 18.6% during trading on Tuesday . The stock traded as high as C$0.83 and last traded at C$0.83. 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

Separately, Ventum Financial set a C$4.00 price target on shares of Troilus Gold and gave the stock a “buy” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Troilus Gold currently has an average rating of “Buy” and a consensus price target of C$3.00.

Troilus Gold Trading Up 18.6%

The company has a current ratio of 7.43, a quick ratio of 7.28 and a debt-to-equity ratio of 2.23. The company’s fifty day moving average is C$0.83 and its 200-day moving average is C$0.83. The firm has a market capitalization of C$40.45 million and a P/E ratio of -0.91.

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.