When a stock records steady gains over the course of a week, then it is perhaps time for investors to take a closer look at it and the company. The Gran Columbia Gold Corp (OTCMKTS:TPRFF) stock has moved strongly in the past week and managed to deliver gains of as much as 15%.
Market Action
On Thursday, TPRFF stock gained 2.52% at $4.50 with more than 82k shares, compared to its average volume of 44k shares. The stock has moved within a range of $4.4200 – 4.6000 after opening the trade at $4.60.
Quarterly Earnings Recap
As it happens, the company was in the news yesterday after it announced its unaudited interim financial statement for the quarter as well as the nine months that had ended on September 30, 2021. In the third quarter, the company managed to bring in revenues of $90.7 million and in the first nine months of the year, it stood at $289 million.
However, at the same time, it should be noted that the revenues in the prior year periods stood at $113.1 million and $291.2 million respectively. In this regard, it is also necessary to keep in mind that in the third quarter of 2021 the price of spot gold was lower than it was in 2020 and that may have had a significant bearing on the numbers. The adjusted EBITDA in the third quarter stood at $39.9 million but it was again lower than the $56.7 million generated in the prior year period.
Traders Note
TPRFF stock is trading above the 20-Day and 50-Day Moving averages of $4.20 and $4.14. Moreover, the stock is trading above the 200-Day moving average of $4. The stock is up 22% over the past 3-month.
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