TNR Gold (CVE:TNR) Trading 26.7% Higher – Here’s Why

TNR Gold Corp. (CVE:TNR) shares were up 26.7% during mid-day trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 3,346,336 shares traded hands during mid-day trading, an increase of 844% from the average daily volume of 354,544 shares. The stock had previously closed at C$0.08.

Analysts Set New Price Targets

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

TNR Gold Stock Performance

The company’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.06. The stock has a market capitalization of C$18.06 million, a price-to-earnings ratio of -5.00 and a beta of 0.62.

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.