Timmons Gold Corp (TGD) has risen sharply, recording gains of 40.76% in the past 4 weeks. However, the stock has corrected -11.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 31.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Timmons Gold Corp (NYSEMKT:TGD): The stock opened at $0.51 on Friday but the bulls could not build on the opening and the stock topped out at $0.51 for the day. The stock traded down to $0.48 during the day, due to lack of any buying support eventually closed down at $0.49 with a loss of -5.30% for the day. The stock had closed at $0.52 on the previous day. The total traded volume was 1,855,949 shares.
The stock has recorded a 20-day Moving Average of 11.33% and the 50-Day Moving Average is 34.72%. Timmins Gold Corp. is up 32.83% in the last 3-month period. Year-to-Date the stock performance stands at 253.62%.
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.