Torex Gold Resources Inc (OTCMKTS:TORXF)’s share price rose 1.4% during trading on Monday . The stock traded as high as $15.84 and last traded at $15.65, approximately 11,524 shares changed hands during trading. A decline of 77% from the average daily volume of 50,286 shares. The stock had previously closed at $15.43.
A number of brokerages have recently weighed in on TORXF. CIBC began coverage on shares of Torex Gold Resources in a research note on Wednesday, September 25th. They issued a “neutral” rating for the company. Royal Bank of Canada set a $22.00 price objective on shares of Torex Gold Resources and gave the company a “hold” rating in a research note on Friday, October 18th.
The business has a 50 day simple moving average of $14.94 and a 200-day simple moving average of $13.74.
About Torex Gold Resources (OTCMKTS:TORXF)
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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