Teranga Gold Corporation (TGZ:CA) Rises 7.86% for January 12

Equities Staff |

January 12 was a positive day for Teranga Gold Corporation (TGZ:CA) as its stock finished the day having gained 7.86% to hit a price of $3.43 a share. The company reached a market cap of 368.19 million and has 107.34 million shares outstanding. Teranga Gold Corporation is a component of the the S&P/TSX SmallCap Index.

473,635 shares changed hands over the course of the day as compared to an average volume of 245,482 over the last 30 days for Teranga Gold Corporation.

Teranga Gold Corp is a multi-jurisdictional West African gold company with diversified assets in production, development and exploration in three jurisdictions.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Richard Young.

Teranga Gold Corporation has hit a high of $5.25 and reached a low of $2.36 over its last year of trading. The stock’s 50-day SMA is now $2.68 and 200-day SMA is $3.13. As for its price valuations, the P/E ratio is at 10.8 and P/B is now 0.47.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Teranga Gold Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: TGZ:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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