TNR Gold (CVE:TNR) Shares Up 7.5% – What’s Next?

TNR Gold Corp. (CVE:TNR)’s stock price was up 7.5% on Wednesday. The stock traded as high as C$0.31 and last traded at C$0.28. Approximately 250,748 shares changed hands during trading, a decline of 20% from the average daily volume of 313,195 shares. The stock had previously closed at C$0.27.

TNR Gold Stock Up 1.7%

The business has a 50-day moving average price of C$0.28 and a 200-day moving average price of C$0.25. The firm has a market capitalization of C$71.97 million, a P/E ratio of -14.75 and a beta of 0.03.

Insiders Place Their Bets

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of TNR Gold stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$0.28, for a total transaction of C$56,000.00. Following the sale, the director owned 29,963,000 shares in the company, valued at C$8,389,640. The trade was a 0.66% decrease in their ownership of the stock. Also, insider Altius Minerals Corporation purchased 7,435,000 shares of the stock in a transaction on Friday, July 17th. The stock was acquired at an average cost of C$0.23 per share, for a total transaction of C$1,710,050.00. Following the acquisition, the insider directly owned 30,935,000 shares in the company, valued at approximately C$7,115,050. This trade represents a 31.64% increase in their ownership of the stock. Insiders have sold 960,000 shares of company stock worth $259,500 in the last quarter. Corporate insiders own 15.12% of the company’s stock.

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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.