TNR Gold (CVE:TNR) Trading Up 18.2% – Here’s What Happened

TNR Gold Corp. (CVE:TNR)’s share price rose 18.2% during trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 328,000 shares traded hands during trading, a decline of 1% from the average daily volume of 329,998 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

TNR Gold Stock Performance

The stock’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$12.35 million, a price-to-earnings ratio of -5.00 and a beta of 0.62.

Insider Buying and Selling

In other news, Director Kirill Klip sold 600,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of C$0.06, for a total transaction of C$36,000.00. 15.12% of the stock is currently owned by 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.