TNR Gold (CVE:TNR) Stock Price Up 18.2% – Here’s Why

TNR Gold Corp. (CVE:TNR)’s share price rose 18.2% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 128,000 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 325,553 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

TNR Gold Trading Down 8.3 %

The firm has a market cap of C$10.45 million, a P/E ratio of -5.00 and a beta of 0.62. The business has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.05.

Insider Transactions at TNR Gold

In other news, Director Kirill Klip sold 600,000 shares of TNR Gold stock in a transaction on Friday, February 7th. The shares were sold at an average price of C$0.06, for a total transaction of C$36,000.00. Over the last three months, insiders have sold 817,000 shares of company stock worth $49,765. 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.