Theta Gold Mines (ASX:TGM) Shares Up 5.1%

Theta Gold Mines Ltd (ASX:TGM) shares shot up 5.1% on Thursday . The company traded as high as A$0.22 ($0.15) and last traded at A$0.21 ($0.15), 163,699 shares were traded during trading. The stock had previously closed at A$0.20 ($0.14).

The stock has a market capitalization of $89.59 million and a PE ratio of -12.81. The company has a debt-to-equity ratio of 92.70, a current ratio of 0.09 and a quick ratio of 0.08. The business’s fifty day moving average price is A$0.18 and its two-hundred day moving average price is A$0.16.

About Theta Gold Mines (ASX:TGM)

Theta Gold Mines Limited operates as a gold exploration and development company in South Africa. Its flagship project is the TGME project that include 43 mines covering an area of approximately 62,000 hectares located near the town of Pilgrims Rest in Mpumalanga province. The company was formerly known as Stonewall Resources Limited and changed its name to Theta Gold Mines Limited in December 2018.

Read More: Debt-To-Equity Ratio

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