TNR Gold (CVE:TNR) Shares Up 17.8% – Time to Buy?

TNR Gold Corp. (CVE:TNR) was up 17.8% during mid-day trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. 153,809 shares were traded during mid-day trading, a decline of 58% from the average session volume of 370,105 shares. The stock had previously closed at C$0.23.

TNR Gold Trading Down 3.8%

The firm’s fifty day moving average price is C$0.24 and its 200-day moving average price is C$0.20. The company has a market cap of C$60.71 million, a P/E ratio of -25.50 and a beta of 0.24.

Insider Transactions at TNR Gold

In other news, insider Jon Christian Evensen purchased 262,440 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the acquisition, the insider directly owned 8,738,840 shares in the company, valued at approximately C$2,097,321.60. The trade was a 3.10% increase in their position. 15.12% of the stock is owned by corporate insiders.

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.