Theta Gold Mines (ASX:TGM) Trading 3.3% Higher

Shares of Theta Gold Mines Ltd (ASX:TGM) traded up 3.3% during mid-day trading on Friday . The company traded as high as A$0.16 ($0.11) and last traded at A$0.16 ($0.11), 38,556 shares traded hands during trading. The stock had previously closed at A$0.15 ($0.11).

The business’s 50-day moving average is A$0.16. The company has a quick ratio of 0.05, a current ratio of 0.07 and a debt-to-equity ratio of 100.65. The company has a market cap of $59.41 million and a price-to-earnings ratio of -11.92.

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.

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