Thunder Mountain Gold (OTCMKTS:THMG) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Share price crossed below its 200‑day moving average, trading as low as $0.74 (200‑day MA $0.74) and down about 1.3% on light volume (~425 shares), with a 50‑day MA of $0.80.
• The company has a market cap of $69.01 million and reported EPS of ($0.01) for the quarter, with a negative P/E of -18.50, low leverage (debt/equity 0.11) and current/quick ratios of 1.86.
• Thunder Mountain Gold explores for gold, silver, zinc and copper in Nevada and Idaho and holds the South Mountain property in Owyhee County, Idaho, comprising several hundred acres of claims and private land.

Thunder Mountain Gold Inc. (OTCMKTS:THMG - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.74 and traded as low as $0.74. Thunder Mountain Gold shares last traded at $0.74, with a volume of 425 shares.

Thunder Mountain Gold Stock Down 1.3%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $69.01 million, a PE ratio of -18.50 and a beta of 0.47. The company has a fifty day moving average price of $0.80 and a 200 day moving average price of $0.74.

Thunder Mountain Gold (OTCMKTS:THMG - Get Free Report) last announced its earnings results on Tuesday, March 31st. The basic materials company reported ($0.01) earnings per share for the quarter.

About Thunder Mountain Gold

Thunder Mountain Gold, Inc explores for and develops mining properties in Nevada and Idaho, the United States. It explores for zinc, silver, gold, and copper deposits, as well as base metals and other commodities. The company holds interests in the South Mountain property that includes 18 patented mining claims covering an area of approximately 346 acres; 36 acres of private land; 21 unpatented mining lode claims covering an area of approximately 290 acres; leased private land covering approximately 489 acres; and private land not contiguous with the mining claims covering an area of 360 acres located in the South Mountain Mining District, Owyhee County, Idaho.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.