Triumph Gold (CVE:TIG) Trading 11.1% Higher – Here’s Why

Triumph Gold Corp. (CVE:TIGGet Free Report) shares shot up 11.1% during mid-day trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.20. 15,500 shares were traded during trading, a decline of 34% from the average session volume of 23,573 shares. The stock had previously closed at C$0.18.

Triumph Gold Price Performance

The company has a debt-to-equity ratio of 56.37, a current ratio of 0.15 and a quick ratio of 0.01. The firm has a market capitalization of C$8.55 million, a PE ratio of -6.67 and a beta of 1.64. The business’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.20.

Triumph Gold Company Profile

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Triumph Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold, silver, copper, and molybdenum deposits. Its flagship project is the Freegold Mountain project located in Yukon, Canada. The company was formerly known as Northern Freegold Resources Ltd.

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