Thesis Gold (CVE:TAU) Shares Up 3.9% - Here's What Happened

Key Points

• Thesis Gold Inc. (CVE:TAU) saw its stock price rise by 3.9% on Monday, trading as high as C$1.62, with a closing price of C$1.60.
• Scotiabank upgraded Thesis Gold to a "strong-buy" rating, contributing to the stock’s current average rating of "Strong Buy".
• The company has a market capitalization of C$401.28 million and reported a PE ratio of -160.00.

Shares of Thesis Gold Inc. (CVE:TAU - Get Free Report) shot up 3.9% during mid-day trading on Monday . The stock traded as high as C$1.62 and last traded at C$1.60. 337,466 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 536,624 shares. The stock had previously closed at C$1.54.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded Thesis Gold to a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Thesis Gold Stock Up 6.8%

The stock has a market cap of C$396.27 million, a PE ratio of -158.00 and a beta of 1.25. The firm has a 50-day simple moving average of C$1.19 and a 200-day simple moving average of C$1.04.