Tudor Gold (CVE:TUD) Stock Price Up 22.9% - Here's What Happened

Key Points

• Tudor Gold Corp. shares surged by 22.9%, reaching C$0.87, while trading volume increased significantly to over 2 million shares, compared to an average of 310,885 shares.
• The company's market capitalization stands at C$225.19 million, with a current ratio of 3.97 and a low debt-to-equity ratio of 0.22, indicating solid financial health.
• Tudor Gold primarily focuses on the exploration and development of mineral properties, with its flagship project being the Treaty Creek property in British Columbia's Golden Triangle region.

Tudor Gold Corp. (CVE:TUD - Get Free Report) rose 22.9% during trading on Saturday . The company traded as high as C$0.87 and last traded at C$0.86. Approximately 2,115,945 shares changed hands during mid-day trading, an increase of 581% from the average daily volume of 310,885 shares. The stock had previously closed at C$0.70.

Tudor Gold Trading Up 3.2%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 3.97. The business has a fifty day simple moving average of C$0.61 and a 200 day simple moving average of C$0.60. The stock has a market capitalization of C$253.56 million, a price-to-earnings ratio of -32.00 and a beta of 0.72.

Insider Buying and Selling at Tudor Gold

In other news, Director Helmut Finger sold 7,415,460 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of C$0.51, for a total transaction of C$3,781,884.60. Following the completion of the sale, the director directly owned 49,342,021 shares in the company, valued at approximately C$25,164,430.71. This represents a 13.07% decrease in their position. Insiders own 40.60% of the company's stock.

About Tudor Gold

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.