Spotting A Winner: Taseko Mines Ltd (AMEX: TGB) Advances 0.52 And It Still Have Room To Run

Taseko Mines Ltd (AMEX:TGB) currently has a daily average trading volume of 3.62M but it saw 1940733 shares traded in last market. With a market cap of 590.63M USD, the company’s current market price of $1.94 came rising about 0.52 while comparing to the previous closing price of $1.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.27. In the recent trading on the day, stock has struck highest price mark of $1.92 while lowest mark touched by it was $1.99.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.0115, while its current price level is -38.41% below from 52-week high level whereas it is 52.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.1196 while that of 200 days or SMA-200 reads an average of $2.3077. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.35% during that period while stretching the period over a month that increases to 4.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.02 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -3.00% down while it is -5.83% when we observe its performance for the past one month. Year-to-date it is 38.57% up and over the past year, the stock is showing an upside performance of 38.57%.

Currently, Taseko Mines Ltd’s total number of outstanding shares is 300.20M. Company’s return on investment (ROI) stands at 6.26% and return on equity (ROE) at 17.47%. It has a price to earnings ratio (P/E ratio) of 10.19 while having a 10.38 of forward P/E ratio. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 1.63 while price to sale or P/S ratio amounts to 1.36. Its return on asset (ROA) is 4.27% on average.