Key Points
- Insider sale: Thesis Gold insider Ewan Webster sold 57,000 shares on May 6 at an average price of C$3.37, totaling about C$192,090. After the sale, he still held 705,403 shares.
- Stock performance: Thesis Gold shares were up 1.0% and opened at C$3.68, near their 52-week high of C$3.75. The stock has traded between C$0.90 and C$3.75 over the past year.
- Analyst outlook: Analysts remain bullish, with a consensus rating of Strong Buy and an average price target of C$4.50. Canadian Imperial Bank of Commerce recently set a C$6.00 target and Clarus Securities upgraded the stock to strong-buy.
Thesis Gold Inc. (CVE:TAU - Get Free Report) insider Ewan Webster sold 57,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$3.37, for a total value of C$192,090.00. Following the completion of the sale, the insider owned 705,403 shares of the company's stock, valued at C$2,377,208.11. The trade was a 7.48% decrease in their ownership of the stock.
Thesis Gold Stock Up 1.0%
CVE TAU opened at C$3.68 on Tuesday. The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -122.67 and a beta of 2.32. Thesis Gold Inc. has a twelve month low of C$0.90 and a twelve month high of C$3.75. The stock has a fifty day simple moving average of C$3.27 and a 200 day simple moving average of C$2.65.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Canadian Imperial Bank of Commerce set a C$6.00 price target on shares of Thesis Gold and gave the company an "outperformer" rating in a research report on Wednesday, May 6th. Clarus Securities raised shares of Thesis Gold to a "strong-buy" rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average target price of C$4.50.
Check Out Our Latest Report on TAU
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