Teranga Gold Corp (TSE:TGZ) dropped 3.6% on Wednesday . The stock traded as low as C$2.90 and last traded at C$2.91. Approximately 85,964 shares were traded during trading, a decline of 70% from the average daily volume of 283,730 shares. The stock had previously closed at C$3.02.
Separately, Royal Bank Of Canada raised 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 cap of $313.44 million and a PE ratio of 11.45. The company’s 50 day moving average price is $3.09 and its 200-day moving average price is $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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