TNR Gold (CVE:TNR) Trading Down 14.3% – Should You Sell?

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

Analysts Set New Price Targets

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

TNR Gold Trading Down 14.3%

The business’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.09. The stock has a market cap of C$18.58 million, a P/E 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.