Thesis Gold (CVE:TAU) Shares Up 8.8% – Time to Buy?

Shares of Thesis Gold Inc. (CVE:TAU – Get Free Report) were up 8.8% during mid-day trading on Wednesday . The stock traded as high as C$3.59 and last traded at C$3.59. Approximately 647,736 shares were traded during trading, an increase of 45% from the average daily volume of 445,197 shares. The stock had previously closed at C$3.30.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TAU shares. Canadian Imperial Bank of Commerce set a C$6.00 price objective on shares of Thesis Gold and gave the stock an “outperformer” rating in a research note on Wednesday, May 6th. Clarus Securities raised Thesis Gold to a “strong-buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$4.50.

Read Our Latest Analysis on Thesis Gold

Thesis Gold Stock Performance

The stock has a fifty day simple moving average of C$2.95 and a two-hundred day simple moving average of C$3.12. The stock has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -121.00 and a beta of 2.57.

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