TNR Gold (CVE:TNR) Hits New 12-Month High – Should You Buy?

Shares of TNR Gold Corp. (CVE:TNR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 231570 shares trading hands. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.35 target price on shares of TNR Gold and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$0.35.

TNR Gold Stock Performance

The stock’s 50 day moving average is C$0.17 and its 200 day moving average is C$0.14. The company has a market capitalization of C$39.73 million, a PE ratio of -19.00 and a beta of 0.93.

Insider Transactions at TNR Gold

In other news, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$0.17, for a total value of C$34,000.00. Following the completion of the transaction, the director directly owned 27,163,000 shares in the company, valued at approximately C$4,617,710. This trade represents a 0.73% decrease in their ownership of the stock. Also, Director Konstantin Klip sold 200,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of C$0.16, for a total transaction of C$32,000.00. Following the completion of the transaction, the director directly owned 2,262,000 shares of the company’s stock, valued at approximately C$361,920. The trade was a 8.12% decrease in their ownership of the stock. Over the last three months, insiders sold 500,000 shares of company stock worth $82,000. Insiders own 15.12% of the company’s stock.

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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.