What's happening with the Tempus (ASX:TMR) share price this week?

It's been a crazy week for Tempus Resources. Here's what's happened.

| More on:
Close-up of a smiling man holding a jar containing nuggets of gold.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Tempus Resources Ltd (ASX: TMR) share price is on a roller-coaster this week after the company released seemingly good news on Monday.

Before the ASX opened for this week, Tempus announced more positive assay results from its Elizabeth Gold Project.

Despite the seemingly good news, the Tempus share price slipped on Monday and continued falling on Tuesday and Wednesday, clocking up an 11.4% fall over the 3 days.

At the time of writing, the Tempus share price is 19 cents, having rebounded 8.57% on Thursday.

Let's take a look at the news that might have driven the Tempus share price this week so far.

Tempus' week so far

The Tempus Resources share price is soaring today after a tough start to this week.

On Monday, the company announced it suspects it's intercepted a new gold vein at its Canadian Elizabeth Gold Project.

The company released assay results from 4 drill holes completed at the project, highlights of which included:

  • 1 metre at 4.9 grams of gold per tonne from 40.1 metres and 0.7 metres at 9.1 grams of gold per tonne from 51.5 metres.

In one hole, the company found visible gold which could signify a previously undiscovered gold vein.

Tempus' CEO Jason Bahnsen commented on the finding, saying:

When we get visible gold at Elizabeth, it can lead to 'bonanza' grade intersections as we've seen with previous holes announced from this years' drilling.

Despite the positive update, the market sent the Tempus share price lower. However, that dip is being corrected today for no obvious reason.

Also worth noting, is the sheer number of Tempus shares that have been traded this week.

The first 3 sessions of this week saw between 934,387 and 974,430 Tempus shares swapping hands, and around 3.9 million have been traded today.

To put that into perspective, over the past 4 weeks, an average day saw 1.7 million Tempus shares traded.

Tempus Resources share price snapshot

This week's dip has added to Tempus' struggles on the ASX.

Right now, the company's stock is trading for 24% less than it was at the start of 2021. It has also dipped 5% since this time last year.

Should you invest $1,000 in Humm Group Limited right now?

Before you buy Humm Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Humm Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Gold

Rising gold share price represented by a green arrow on piles of gold block.
Gold

2 ASX gold stocks racing higher in Monday's sinking market

Investors are sending these ASX gold stocks flying higher on Monday. But why?

Read more »

Miner looking at a tablet.
Mergers & Acquisitions

Gold Road shares surge 10% on $3.7 billion takeover offer

The ASX 200 gold stock is soaring after finding itself in the acquisition crosshairs.

Read more »

Gold bars and Australian dollar notes.
Dividend Investing

How these soaring ASX 200 stocks are shaping up to be the dividend gems of 2026

With revenue surging, these ASX 200 stocks may be supersizing their dividends in 2026.

Read more »

A man standing in a red rock mine is covered by a sheet of gold blowing in the wind.
Gold

Given the record gold price, what price target does Macquarie have on Newmont shares?

Up 36% in 2025, what can ASX investors expect next for the Newmont share price?

Read more »

Miner looking at a tablet.
Gold

ASX 200 gold stock slides on $819 million Africa news

Investors are bidding down this outperforming ASX 200 gold stock today. But why?

Read more »

Gold spelt out on block cubes with an up and down arrow.
Gold

How much upside does Macquarie tip for Northern Star shares following its acquisition of De Grey Mining?

Is the broker tipping this gold miner's shares to keep rising? Let's find out.

Read more »

Miner looking at a tablet.
Gold

Newmont share price lifts off on first-quarter results

The ASX 200 gold stock is charging higher on Thursday.

Read more »

plummeting gold share price
Gold

Why are ASX 200 gold stocks getting crushed today?

ASX 200 gold stocks have lost their shine on Wednesday. But why?

Read more »