TNR Gold (CVE:TNR) Stock Price Down 9.5% – Time to Sell?

TNR Gold Corp. (CVE:TNR)’s share price fell 9.5% during mid-day trading on Friday . The company traded as low as C$0.09 and last traded at C$0.10. 1,558,500 shares were traded during mid-day trading, an increase of 436% from the average session volume of 290,575 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.30 price target on shares of TNR Gold and gave the stock a “buy” rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$0.30.

TNR Gold Stock Performance

The stock has a fifty day moving average price of C$0.10 and a 200-day moving average price of C$0.09. The firm has a market cap of C$18.58 million, a PE ratio of -9.00 and a beta of 1.07.

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.