Tudor Gold (CVE:TUD) Stock Price Up 16.9% - Here's What Happened

Key Points

• Tudor Gold Corp. experienced a significant stock increase of 16.9% during mid-day trading, reaching prices as high as C$1.07.
• The company saw a trading volume surge of 264%, with approximately 1.2 million shares changing hands, compared to its average daily volume of 339,123 shares.
• Insider transactions revealed that 40.60% of Tudor Gold's stock is owned by insiders, who have sold a total of 7.5 million shares worth nearly $3.9 million in the last quarter.

Tudor Gold Corp. (CVE:TUD - Get Free Report)'s stock price traded up 16.9% during trading on Monday . The stock traded as high as C$1.07 and last traded at C$1.04. 1,234,274 shares were traded during mid-day trading, an increase of 264% from the average session volume of 339,123 shares. The stock had previously closed at C$0.89.

Tudor Gold Stock Performance

The stock has a market cap of C$282.62 million, a price-to-earnings ratio of -35.67 and a beta of 0.72. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is C$0.67 and its two-hundred day moving average is C$0.61.

Insider Buying and Selling

In other Tudor Gold news, Director Helmut Finger sold 58,000 shares of Tudor Gold stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$0.93, for a total transaction of C$53,940.00. Following the completion of the transaction, the director owned 49,103,021 shares in the company, valued at approximately C$45,665,809.53. The trade was a 0.12% decrease in their ownership of the stock. Insiders have sold a total of 7,546,460 shares of company stock worth $3,904,745 over the last quarter. 40.60% of the stock is currently owned by insiders.

Tudor Gold Company Profile

Tudor Gold Corp., a junior exploration company, engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold, copper, silver, and other precious and base metals. Its flagship project is the Treaty Creek property covering an area of 17,913 hectares located in the Golden Triangle area to the north of Stewart, British Columbia.