Snowline Gold (CVE:SGD) Trading 0.2% Higher

Snowline Gold Corp. (CVE:SGD)’s share price rose 0.2% during trading on Monday . The stock traded as high as C$5.70 and last traded at C$5.66. Approximately 386,456 shares were traded during trading, an increase of 186% from the average daily volume of 134,986 shares. The stock had previously closed at C$5.65.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on Snowline Gold from C$16.50 to C$17.25 in a research note on Tuesday, July 23rd.

Snowline Gold Price Performance

The firm has a market cap of C$897.11 million, a price-to-earnings ratio of -31.44 and a beta of 0.81. The firm has a fifty day simple moving average of C$4.99 and a two-hundred day simple moving average of C$5.44.

Snowline Gold (CVE:SGD) last released its earnings results on Tuesday, August 27th. The company reported C($0.05) EPS for the quarter.

Snowline Gold Company Profile

Snowline Gold Corp. engages in the exploration of gold properties in Canada. Its flagship projects include the Einarson and Rogue projects covering an area of approximately 137,000 hectares located in the Selwyn Basin, Canada. The company was formerly known as Skyledger Tech Corp. and changed its name to Snowline Gold Corp.