February 21 was a positive day for Torex Gold Resources Inc. (TXG:CA) as its stock finished the day having gained 7.33% to hit a price of $15.97 a share. The company reached a market cap of 1.36 billion and has 85.1 million shares outstanding. Torex Gold Resources Inc. is a component of the the S&P/TSX Composite Index.
467,437 shares changed hands over the course of the day as compared to an average volume of 285,540 over the last 30 days for Torex Gold Resources Inc..
Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Fred Stanford.
Torex Gold Resources Inc. has hit a high of $15.26 and reached a low of $7.29 over its last year of trading. The stock’s 50-day SMA is now $13.34 and 200-day SMA is $11.76. As for its price valuations, the P/E ratio is at 0 and P/B is now 1.36.
Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.