Roxgold Inc (TSE:ROXG)’s stock price shot up 1.6% during mid-day trading on Friday . The company traded as high as C$1.30 and last traded at C$1.29, 1,382,586 shares traded hands during mid-day trading. An increase of 17% from the average session volume of 1,180,307 shares. The stock had previously closed at C$1.27.

A number of research firms recently issued reports on ROXG. Royal Bank of Canada lifted their target price on Roxgold from C$1.25 to C$1.40 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Raymond James reissued an “outperform” rating and set a C$2.00 price target on shares of Roxgold in a research report on Friday, August 23rd.

The company has a quick ratio of 0.83, a current ratio of 1.06 and a debt-to-equity ratio of 23.73. The firm has a market capitalization of $468.29 million and a P/E ratio of 129.00. The firm has a 50 day moving average of C$1.23 and a 200-day moving average of C$1.02.

About Roxgold (TSE:ROXG)

Roxgold Inc, a gold mining company, engages in acquiring, exploring, and evaluating mineral properties. Its principal asset is the Yaramoko gold project that covers an area of approximately 230 square kilometers located in the Houndé greenstone belt of Burkina Faso, West Africa. The company is headquartered in Toronto, Canada.

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