TNR Gold (CVE:TNR) Trading Up 18.2% – Here’s Why

Shares of TNR Gold Corp. (CVE:TNR) traded up 18.2% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 128,000 shares were traded during trading, a decline of 60% from the average session volume of 323,820 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.28 target price on TNR Gold and gave the company a “buy” rating in a research report on Wednesday, February 19th.

TNR Gold Price Performance

The business’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The stock has a market capitalization of C$12.35 million, a PE ratio of -5.00 and a beta of 0.62.

Insiders Place Their Bets

In related news, Director Kirill Klip sold 600,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of C$0.06, for a total value of C$36,000.00. 15.12% of the stock is currently owned by insiders.

About TNR Gold

TNR Gold Corp. engages in the acquiring and exploring mineral properties. It explores for gold, copper, silver, and lithium deposits. The company holds a 90% interest in the Shotgun gold project located in the southwestern Alaska. It also holds royalty interests in the Los Azules Copper and Mariana Lithium projects located in Argentina.