Thesis Gold (CVE:TAU) Trading 3.9% Higher - Here's Why

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.

Thesis Gold Inc. (CVE:TAU - Get Free Report) traded up 3.9% during trading on Monday . The stock traded as high as C$1.62 and last traded at C$1.60. 337,466 shares changed 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 raised shares of Thesis Gold to a "strong-buy" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Thesis Gold presently has an average rating of "Strong Buy".

Thesis Gold Stock Performance

The stock's 50-day simple moving average is C$1.15 and its 200-day simple moving average is C$1.03. The firm has a market capitalization of C$401.28 million, a PE ratio of -160.00 and a beta of 1.25.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.