TNR Gold (CVE:TNR) Shares Up 6.5% – Here’s Why

Shares of TNR Gold Corp. (CVE:TNRGet Free Report) shot up 6.5% on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 390,000 shares were traded during mid-day trading, an increase of 1% from the average session volume of 385,888 shares. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on TNR Gold

TNR Gold Trading Up 4.3%

The firm has a market capitalization of C$51.48 million, a P/E ratio of -24.00 and a beta of 0.64. The business has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.18.

Insider Transactions at TNR Gold

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of TNR Gold stock in a transaction dated 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 in the company, valued at approximately C$4,617,710. The trade was a 0.73% decrease in their position. Also, insider Jon Christian Evensen purchased 262,440 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the purchase, 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. Insiders own 15.12% of the company’s stock.

TNR Gold Company Profile

(Get Free Report)

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.

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