Taseko Mines Ltd. (AMEX:TGB) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $2.36.
Actively observing the price movement in the last trading, the stock closed the session at $2.36. The PE ratio was 11.28 over 12-month period. Referring to stock’s 52-week performance, its high was $2.61, and the low was $1.05. On the whole, TGB has fluctuated by 10.28% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TGB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TGB currently trading nearly -0.90% and 20.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.65, while the 7-day volatility ratio is showing 4.50% which for the 30-day chart, stands at 5.17%. Furthermore, Taseko Mines Ltd. (TGB)’s beta value is 1.93, and its average true range (ATR) is 0.12.
A comparison of Taseko Mines Ltd. (TGB) with its peers suggests the former has fared considerably weaker in the market. TGB showed an intraday change of 0.00% in last session, and over the past year, it grew by 39.64%%.
Data on historical trading for Taseko Mines Ltd. (AMEX:TGB) indicates that the trading volumes over the past 3 months, they’ve averaged 2.32 million. According to company’s latest data on outstanding shares, there are 290.00 million shares outstanding.
Nearly 2.43% of Taseko Mines Ltd.’s shares belong to company insiders and institutional investors own 18.57% of the company’s shares. The stock has risen by 68.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGB stock heading into the next quarter.
