Thesis Gold (CVE:TAU) Trading 4.7% Higher – Still a Buy?

Thesis Gold Inc. (CVE:TAU) shares shot up 4.7% on Tuesday . The stock traded as high as C$2.95 and last traded at C$2.89. 205,839 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 460,443 shares. The stock had previously closed at C$2.76.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TAU. Clarus Securities raised Thesis Gold to a “strong-buy” rating in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a C$6.00 price objective on Thesis Gold and gave the stock an “outperformer” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$4.50.

Thesis Gold Stock Up 4.7%

The firm has a market cap of C$806.16 million, a PE ratio of -144.50 and a beta of 2.55. The stock has a 50 day moving average price of C$3.10 and a two-hundred day moving average price of C$3.07.

Insider Buying and Selling

In other Thesis Gold news, insider Ewan Webster sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$3.37, for a total transaction of C$192,090.00. Following the sale, the insider owned 705,403 shares of the company’s stock, valued at approximately C$2,377,208.11. The trade was a 7.48% decrease in their position. 1.79% of the stock is owned by company insiders.