TNR Gold (CVE:TNR) Trading Down 8.9% – What’s Next?

Shares of TNR Gold Corp. (CVE:TNR) were down 8.9% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 439,352 shares were traded during trading, an increase of 9% from the average daily volume of 402,914 shares. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

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

TNR Gold Stock Down 6.7%

The firm has a market capitalization of C$43.91 million, a P/E ratio of -21.00 and a beta of 0.93. The stock has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.14.

Insider Buying and Selling

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of C$0.17, for a total transaction of C$34,000.00. Following the completion of the transaction, the director owned 27,163,000 shares of the company’s stock, valued at C$4,617,710. This represents a 0.73% decrease in their position. Also, Director Konstantin Klip sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of C$0.16, for a total transaction of C$32,000.00. Following the transaction, the director directly owned 2,262,000 shares of the company’s stock, valued at C$361,920. This represents a 8.12% decrease in their ownership of the stock. In the last ninety days, insiders have sold 500,000 shares of company stock valued at $82,000. 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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.