Equinox Gold (TSE:EQX) Trading Up 2.8% - Here's What Happened

Equinox Gold Corp. (TSE:EQX - Get Free Report) traded up 2.8% during trading on Thursday . The stock traded as high as C$10.15 and last traded at C$9.99. 2,143,245 shares traded hands during trading, an increase of 48% from the average session volume of 1,447,446 shares. The stock had previously closed at C$9.72.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st.

Equinox Gold Price Performance

The stock's fifty day moving average price is C$9.11 and its 200-day moving average price is C$8.85. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The firm has a market cap of C$3.21 billion, a price-to-earnings ratio of 10.59 and a beta of 1.16.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.

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