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Triumph Gold shares surged 33.9% on volume spike, but reason for rally remains unclear.
Triumph Gold (CVE:TIG) shares jumped 33.9% to C$0.40 on Wednesday, hitting a session high amid a 377% surge in trading volume to 593,875 shares.
The stock rose from C$0.30 the previous day, with a market cap of C$20.86 million.
The junior resource company, focused on gold, silver, copper, and molybdenum exploration in Yukon, Canada, has a beta of 2.52, indicating high volatility.
Its 50-day and 200-day moving averages are C$0.33 and C$0.30, respectively, and it carries a negative P/E ratio of -7.90.
The rally reflects strong intraday trading interest, though the underlying cause remains unspecified.
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Las acciones de Triumph Gold subieron un 33,9% por el aumento del volumen, pero la razón del repunte sigue sin estar clara.