Thesis Gold (CVE:TAU) Trading 0.3% Higher – Here’s What Happened

Thesis Gold Inc. (CVE:TAU) shares shot up 0.3% during trading on Monday . The stock traded as high as C$2.95 and last traded at C$2.91. Approximately 99,598 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 494,303 shares. The stock had previously closed at C$2.90.

Analysts Set New Price Targets

Several research firms have issued reports on TAU. Clarus Securities upgraded Thesis Gold to a “strong-buy” rating in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a C$6.00 price target on shares of Thesis Gold and gave the company an “outperformer” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$4.50.

Thesis Gold Stock Up 0.3%

The company has a market capitalization of C$807.09 million, a PE ratio of -145.50 and a beta of 2.35. The business has a 50 day simple moving average of C$3.30 and a 200 day simple moving average of C$3.01.

Insider Activity at Thesis Gold

In related news, insider Ewan Webster sold 57,000 shares of the 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 value of C$192,090.00. Following the completion of the transaction, 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 position. 1.79% of the stock is owned by insiders.