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 -38.57% away from its 52-week high, while its distance from the 52-week low is 45.49%. The stock’s price range during this period has varied between $1.33 and $3.15. The company, active in the Basic Materials sector, saw a trading volume of around 1.97 million for the day, considerably lower average daily volume of 3.94 million observed over the last three months.
Taseko Mines Ltd had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $3.15 on 05/20/24, while the lowest price during the same period was $1.33 on 02/08/24.
How Financial Performance Impacts Market Capitalization
Taseko Mines Ltd (TGB) has experienced a quarterly decline of -14.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 589.11M 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 2.1648, with a change in price of -0.0200. Similarly, Taseko Mines Ltd recorded 3,680,227 in trading volume during the last 100 days, posting a change of -1.02%.
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 last 50 days is at 33.33%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 33.33%. Further, the company’s Stochastic %K and %D values for the last 20 days were 26.14% and 19.62%, respectively.
TGB Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -0.26%. However, over the past six months, we’ve seen a weaker performance of 0.26%. The price of TGB leaped by -3.25% over the last 30 days. And in the last five days, it has surged by 3.48%.
