Teranga Gold (TSE:TGZ) Shares Down 0.2% – Should You Sell?

Teranga Gold Co. (TSE:TGZ)’s share price dropped 0.2% during mid-day trading on Monday . The company traded as low as C$12.08 and last traded at C$12.33. Approximately 960,887 shares were traded during trading, an increase of 57% from the average daily volume of 613,685 shares. The stock had previously closed at C$12.36.

Teranga Gold Stock Down 0.2 %

The company has a quick ratio of 0.37, a current ratio of 0.91 and a debt-to-equity ratio of 37.77. The stock has a market capitalization of C$2.07 billion and a price-to-earnings ratio of 122.08. The company has a 50-day moving average of C$12.33.

Teranga Gold Company Profile

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. The company's flagship project is the Sabodala gold mine covering an area of 291 square kilometers mine license and 629 square kilometers exploration land package located in the Republic of Senegal.