Shares of Timmons Gold Corp (TGD) Rally 22.22%

Timmons Gold Corp (TGD) : Traders are bullish on Timmons Gold Corp (TGD) as it has outperformed the S&P 500 by a wide margin of 62.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 20.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 22.22% in the last 1 week, and is up 69.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 42.79% and the 50-Day Moving Average is 58.89%.

Timmons Gold Corp (NYSEMKT:TGD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.49 and $0.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.55, notching a gain of 16.18% for the day. The total traded volume was 7,296,907 . The stock had closed at $0.47 on the previous day.


Institutional Investors own 15.82% of Timmons Gold Corp shares.

Timmins Gold Corp. is a gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico. The Company owns and operates the Mine in the state of Sonora, Mexico. The Mine and the La Chicharra pit are collectively known as the Gold Property. The Company has title to approximately 200,000 hectares of exploration claims in and around the Gold Property. The Company also has title to the Timmins Goldcorp Mexico claims located in the state of Zacatecas, Mexico. The Company also holds 100.0% of the Caballo Blanco gold project, which is an advanced stage open pit, heap leach gold project located 65 kilometers Northwest of Veracruz, Mexico. The project consists of two large areas of epithermal gold mineralization, the Northern Zone and the Highway Zone, contained within 13 mineral concessions covering over 54,000 hectares.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *