Thesis Gold (CVE:TAU) Trading Down 2.8% - Here's What Happened

Key Points

• Thesis Gold Inc.'s share price decreased by 2.8% to C$1.06 during mid-day trading, with trading volume down 78% from average levels.
• Scotiabank upgraded Thesis Gold to a "strong-buy" rating, despite the recent drop in stock price.
• The company's market capitalization stands at C$214.32 million, with a price-to-earnings ratio of 146.34.

Thesis Gold Inc. (CVE:TAU - Get Free Report)'s share price fell 2.8% during mid-day trading on Wednesday . The company traded as low as C$1.06 and last traded at C$1.06. 116,174 shares were traded during mid-day trading, a decline of 78% from the average session volume of 521,478 shares. The stock had previously closed at C$1.09.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised Thesis Gold to a "strong-buy" rating in a research note on Thursday, May 29th.

Thesis Gold Stock Down 2.8%

The stock has a 50 day moving average price of C$1.04 and a 200 day moving average price of C$0.93. The stock has a market capitalization of C$214.32 million, a price-to-earnings ratio of 146.34 and a beta of 1.64.

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