Thesis Gold (CVE:TAU) Stock Price Down 2.8% - Here's Why

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) shares dropped 2.8% on Wednesday . The company traded as low as C$1.06 and last traded at C$1.06. Approximately 116,174 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 521,478 shares. The stock had previously closed at C$1.09.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Thesis Gold to a "strong-buy" rating in a report on Thursday, May 29th.

Thesis Gold Stock Down 3.6%

The firm's 50 day simple moving average is C$1.04 and its two-hundred day simple moving average is C$0.94. The stock has a market cap of C$216.34 million, a P/E ratio of 147.72 and a beta of 1.64.