Thesis Gold (CVE:TAU) Shares Up 2% – Here’s Why

Thesis Gold Inc. (CVE:TAU)’s stock price traded up 2% during mid-day trading on Monday . The company traded as high as C$3.65 and last traded at C$3.60. 383,585 shares changed hands during trading, a decline of 26% from the average session volume of 520,315 shares. The stock had previously closed at C$3.53.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce set a C$6.00 price objective on Thesis Gold and gave the company an “outperformer” rating in a research note on Wednesday, May 6th. Clarus Securities raised Thesis Gold to a “strong-buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$4.50.

Thesis Gold Price Performance

The company has a market capitalization of C$997.57 million, a P/E ratio of -120.00 and a beta of 2.32. The company has a 50 day moving average of C$3.33 and a 200-day moving average of C$2.84.

Insider Activity

In related news, insider Ewan Webster sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$3.37, for a total value of C$192,090.00. Following the sale, the insider directly owned 705,403 shares of the company’s stock, valued at C$2,377,208.11. This trade represents a 7.48% decrease in their ownership of the stock. 1.79% of the stock is owned by insiders.