Shares of Triumph Gold Corp (CVE:TIG) fell 5% on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38, 192,123 shares were traded during trading. An increase of 139% from the average session volume of 80,338 shares. The stock had previously closed at C$0.40.
The stock has a fifty day moving average of C$0.41 and a two-hundred day moving average of C$0.41. The stock has a market capitalization of $29.48 million and a price-to-earnings ratio of -4.63. The company has a current ratio of 3.71, a quick ratio of 3.38 and a debt-to-equity ratio of 1.03.
In related news, insider Palisade Global Investments Ltd. sold 1,033,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$0.48, for a total transaction of C$495,840.00. Following the completion of the sale, the insider now directly owns 13,559,833 shares of the company’s stock, valued at approximately C$6,508,719.84.
Triumph Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, silver, copper, molybdenum, and tungsten deposits. It owns a 100% interest in the Freegold Mountain located in the Yukon, Canada. The company was formerly known as Northern Freegold Resources Ltd.
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