TNR Gold (CVE:TNR) Stock Price Down 14.3% – What’s Next?

TNR Gold Corp. (CVE:TNR)’s stock price dropped 14.3% during trading on Saturday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 2,449,000 shares changed hands during trading, an increase of 730% from the average daily volume of 294,929 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

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

TNR Gold Stock Performance

The company’s fifty day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09. The company has a market capitalization of C$18.58 million, a price-to-earnings 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.