Teranga Gold Corp (TGZ) Trading 3.8% Higher

Teranga Gold Corp (TSE:TGZ) shares traded up 3.8% on Monday . The stock traded as high as C$3.03 and last traded at C$3.01. 329,445 shares changed hands during trading, an increase of 15% from the average session volume of 287,192 shares. The stock had previously closed at C$2.90.

Separately, Royal Bank Of Canada raised Teranga Gold Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 18th.

The stock has a market capitalization of $324.18 million and a PE ratio of 11.84. The company has a 50 day moving average of $3.09 and a 200 day moving average of $3.33.

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Teranga Gold Corp Company Profile

Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.

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