Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Taseko Mines Ltd’s current trading price is -36.51% away from its 52-week high, while its distance from the 52-week low is 74.67%. The stock’s price range during this period has varied between $1.14 and $3.15. The company, active in the Basic Materials sector, saw a trading volume of around 2.81 million for the day, considerably lower average daily volume of 3.82 million observed over the last three months.
Taseko Mines Ltd’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.15 on 05/20/24, and the lowest price during the same period was recorded at $1.14 on 12/13/23.
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How Financial Performance Impacts Market Capitalization
Taseko Mines Ltd (TGB) has experienced a quarterly rise of 1.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 608.90M and boasts a workforce of 797 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.22, with a change in price of -0.36. Similarly, Taseko Mines Ltd recorded 3,472,035 in trading volume during the last 100 days, posting a change of -15.25%.
How TGB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for TGB stands at 1.54. Similarly, the long-term debt-to-equity ratio is also 1.48.
TGB Stock Stochastic Average
As of today, the raw stochastic average of Taseko Mines Ltd over the past 50 days is 8.22%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 9.52%. Additionally, the Stochastic %K and %D values for the company were 11.64% and 12.87%, respectively, over the past 20 days.
TGB Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 42.86%.However, over the last six months, we can see a stronger performance of -18.37%. Over the last 30 days, the price of TGB has leaped by -10.31%. And in the last five days, it has surged by 1.01%.
