Taseko Mines (TSE:TKO) Trading Up 13.6% - Here's What Happened

Shares of Taseko Mines Ltd. (TSE:TKO - Get Free Report) rose 13.6% during mid-day trading on Wednesday . The stock traded as high as C$2.76 and last traded at C$2.76. Approximately 530,552 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 583,056 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, National Bankshares upped their price objective on shares of Taseko Mines from C$4.25 to C$4.50 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd.

Taseko Mines Trading Up 3.6 %

The company has a fifty day moving average price of C$3.07 and a two-hundred day moving average price of C$3.04. The firm has a market cap of C$873.97 million, a P/E ratio of 11.26 and a beta of 1.92.

Insiders Place Their Bets

In related news, Director Russell Edward Hallbauer sold 50,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$3.26, for a total transaction of C$162,875.00. Also, Director Kenneth William Pickering acquired 15,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of C$3.25 per share, for a total transaction of C$48,750.00. Corporate insiders own 2.58% of the company's stock.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.