Taseko Mines Ltd (AMEX: TGB) Emerges As Guiding Light For Investors

Taseko Mines Ltd (AMEX:TGB) currently has a daily average trading volume of 6.95M but it saw 9898748 shares traded in last market. With a market cap of 760.85M USD, the company’s current market price of $2.45 came rising about 2.51 while comparing to the previous closing price of $2.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.77. In the recent trading on the day, stock has struck highest price mark of $2.37 while lowest mark touched by it was $2.46.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.17, while its current price level is -22.22% below from 52-week high level whereas it is 38.42% 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 $2.08 while that of 200 days or SMA-200 reads an average of $2.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.93% during that period while stretching the period over a month that increases to 5.98%. 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 64.21 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving 11.36% up while it is 15.02% when we observe its performance for the past one month. Year-to-date it is 26.29% up and over the past year, the stock is showing an upside performance of 28.27%.

Currently, Taseko Mines Ltd’s total number of outstanding shares is 304.68M. Company’s return on investment (ROI) stands at -1.05% and return on equity (ROE) at -2.74%. It has a 8.36 of forward P/E ratio. Stock’s beta reads 1.44. Stock has a price to book (P/B) ratio of 2.13 while price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is -0.68% on average.