TNR Gold (CVE:TNR) Trading Down 14.3% – Here’s Why

TNR Gold Corp. (CVE:TNR) shares dropped 14.3% during trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 2,449,000 shares changed hands during mid-day trading, an increase of 733% from the average daily volume of 293,834 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.30 target price on TNR Gold and gave the stock a “buy” rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$0.30.

TNR Gold Stock Down 14.3%

The stock has a market capitalization of C$18.58 million, a PE ratio of -9.00 and a beta of 1.07. The business’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.09.

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.