Vista Gold (TSE:VGZ) Trading Up 17.5% – Here’s Why

Vista Gold Corp. (TSE:VGZGet Free Report) (NYSEMKT:VGZ) shares rose 17.5% on Monday . The company traded as high as C$3.92 and last traded at C$3.76. Approximately 290,814 shares traded hands during mid-day trading, an increase of 222% from the average daily volume of 90,341 shares. The stock had previously closed at C$3.20.

Vista Gold Price Performance

The firm’s 50 day simple moving average is C$2.88 and its 200-day simple moving average is C$2.93. The company has a market cap of C$547.39 million, a price-to-earnings ratio of -62.50 and a beta of 3.97.

Vista Gold Company Profile

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Vista holds the Mt Todd gold project, a leading development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. The Company has defined a clear pathway to greater value creation, targeting the commencement of detailed engineering and design by early 2027. This milestone is expected to initiate a 27-month design, construction, and commissioning process. Mt Todd offers strong project economics, significant initial production, and compelling expansion and exploration upside.

Further Reading

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