Troilus Gold (TSE:TLG) Trading 6.1% Higher – Still a Buy?

Troilus Gold Corp. (TSE:TLG) traded up 6.1% during mid-day trading on Tuesday . The stock traded as high as C$2.11 and last traded at C$2.09. 2,705,134 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 1,955,359 shares. The stock had previously closed at C$1.97.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upgraded Troilus Gold to a “strong-buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Troilus Gold presently has an average rating of “Strong Buy”.

Troilus Gold Stock Up 6.1%

The firm has a 50 day moving average price of C$1.70 and a two-hundred day moving average price of C$1.72. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -16.08 and a beta of 2.50.

Troilus Gold (TSE:TLG) last announced its earnings results on Thursday, March 5th. The company reported C($0.03) earnings per share for the quarter.

About Troilus Gold

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.