TNR Gold (CVE:TNR) Sets New 1-Year High – Here’s Why

TNR Gold Corp. (CVE:TNR) shares reached a new 52-week high during trading on Monday . The company traded as high as C$0.24 and last traded at C$0.23, with a volume of 305273 shares. The stock had previously closed at C$0.20.

Analyst Upgrades and Downgrades

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

TNR Gold Stock Up 12.5%

The firm’s fifty day simple moving average is C$0.17 and its 200-day simple moving average is C$0.15. The company has a market cap of C$47.05 million, a PE ratio of -22.50 and a beta of 0.47.

Insider Transactions at TNR Gold

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of the stock in a transaction 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 sale, the director owned 27,163,000 shares in the company, valued at approximately C$4,617,710. This represents a 0.73% decrease in their position. 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.