Teranga Gold (TSE:TGZ) Sets New 12-Month High at $5.85
Shares of Teranga Gold Corp (TSE:TGZ) reached a new 52-week high on Monday . The company traded as high as C$5.85 and last traded at C$5.79, with a volume of 283638 shares trading hands. The stock had previously closed at C$5.70.
Separately, Eight Capital restated a “buy” rating and issued a C$10.00 price target on shares of Teranga Gold in a report on Monday, August 12th.
The stock’s fifty day moving average price is C$5.31 and its 200 day moving average price is C$4.74. The company has a debt-to-equity ratio of 29.58, a current ratio of 0.69 and a quick ratio of 0.23. The stock has a market capitalization of $585.27 million and a P/E ratio of -20.00.
Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.
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