Troilus Gold (TSE:TLG) Trading Down 3.5% – Time to Sell?

Troilus Gold Corp. (TSE:TLG) shares dropped 3.5% during mid-day trading on Wednesday . The company traded as low as C$1.62 and last traded at C$1.66. Approximately 660,592 shares changed hands during trading, a decline of 65% from the average session volume of 1,906,500 shares. The stock had previously closed at C$1.72.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TLG. Maxim Group upgraded Troilus Gold to a “strong-buy” rating in a research report on Tuesday, June 23rd. BMO Capital Markets upgraded shares of Troilus Gold to a “strong-buy” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Troilus Gold has a consensus rating of “Strong Buy”.

Troilus Gold Stock Performance

The firm has a market cap of C$920.06 million, a P/E ratio of -11.07 and a beta of 2.40. The stock’s 50-day moving average is C$1.86 and its 200 day moving average is C$1.81.

Troilus Gold (TSE:TLG) last posted its earnings results on Friday, June 5th. The company reported C($0.04) earnings per share for the quarter.

Troilus Gold Company Profile

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.