TNR Gold (CVE:TNR) Insider Acquires C$62,985.60 in Stock

TNR Gold Corp. (CVE:TNR) insider Jon Christian Evensen bought 262,440 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the transaction, the insider directly owned 8,738,840 shares of the company’s stock, valued at C$2,097,321.60. This trade represents a 3.10% increase in their ownership of the stock.

TNR Gold Stock Performance

CVE:TNR opened at C$0.24 on Monday. The firm’s fifty day moving average is C$0.21 and its two-hundred day moving average is C$0.17. The firm has a market cap of C$50.40 million, a price-to-earnings ratio of -23.50 and a beta of 0.64. TNR Gold Corp. has a one year low of C$0.06 and a one year high of C$0.28.

Analysts Set New Price Targets

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

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.