Troilus Gold (TSE:TLG) Trading Down 3.5% – Here’s What Happened

Troilus Gold Corp. (TSE:TLG) shares traded down 3.5% during mid-day trading on Wednesday . The stock traded as low as C$1.62 and last traded at C$1.66. Approximately 660,592 shares traded hands during trading, a decline of 65% from the average session volume of 1,906,500 shares. The stock had previously closed at C$1.72.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Maxim Group raised shares of Troilus Gold to a “strong-buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upgraded shares of Troilus Gold to a “strong-buy” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Troilus Gold Stock Down 1.9%

The stock has a market capitalization of C$836.92 million, a PE ratio of -10.07 and a beta of 2.40. The stock has a fifty day moving average of C$1.85 and a 200-day moving average of C$1.81.

Troilus Gold (TSE:TLG) last issued its quarterly earnings results on Friday, June 5th. The company reported C($0.04) earnings per share for the quarter.

About Troilus Gold

Troilus Gold Corp is a Toronto-based, Quebec focused, advanced stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus property [approximately 83,385-hectare] is located Northeast of the Val-d’Or district, within the Frotet-Evans Greenstone Belt in Quebec, Canada.