Teranga Gold Corp (TGZ) Trading 5.2% Higher

Shares of Teranga Gold Corp (TSE:TGZ) traded up 5.2% during mid-day trading on Thursday . The stock traded as high as C$3.26 and last traded at C$3.25. 446,671 shares were traded during mid-day trading, a decline of 10% from the average session volume of 495,524 shares. The stock had previously closed at C$3.09.

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

The firm has a market capitalization of $348.86 million and a PE ratio of 12.75. The company’s 50-day moving average is $3.15 and its 200-day moving average is $3.50.

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About Teranga Gold Corp

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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