TNR Gold (CVE:TNR) Stock Price Up 2.2% – Here’s Why

Shares of TNR Gold Corp. (CVE:TNR) traded up 2.2% during trading on Wednesday . The company traded as high as C$0.24 and last traded at C$0.23. 21,500 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 386,074 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.35 price objective on shares of TNR Gold and gave the company a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, TNR Gold has an average rating of “Buy” and an average price target of C$0.35.

TNR Gold Trading Up 2.2%

The company has a market cap of C$48.09 million, a price-to-earnings ratio of -23.00 and a beta of 0.64. The stock’s fifty day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17.

Insider Buying and Selling

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of C$0.17, for a total value of C$34,000.00. Following the completion of the sale, the director owned 27,163,000 shares in the company, valued at approximately C$4,617,710. This represents a 0.73% decrease in their position. Insiders own 15.12% of the company’s stock.

TNR Gold Company Profile

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.