TNR Gold (CVE:TNR) Stock Price Up 17.8% – Here’s What Happened

TNR Gold Corp. (CVE:TNR) shares were up 17.8% on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 153,809 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 370,105 shares. The stock had previously closed at C$0.23.

TNR Gold Price Performance

The business’s 50 day moving average is C$0.24 and its 200 day moving average is C$0.20. The stock has a market cap of C$63.09 million, a price-to-earnings ratio of -26.50 and a beta of 0.24.

Insider Transactions at TNR Gold

In other TNR Gold news, insider Jon Christian Evensen purchased 262,440 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$0.24 per share, with a total value of C$62,985.60. Following the acquisition, the insider directly owned 8,738,840 shares of the company’s stock, valued at approximately C$2,097,321.60. This represents a 3.10% increase in their ownership of the stock. 15.12% of the stock is owned by company insiders.

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.