TNR Gold (CVE:TNR) Shares Down 22.7% – Here’s Why

TNR Gold Corp. (CVE:TNR) dropped 22.7% on Saturday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 777,000 shares were traded during trading, an increase of 113% from the average daily volume of 364,661 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.28 target price on TNR Gold and gave the company a “buy” rating in a report on Wednesday, February 19th.

TNR Gold Price Performance

The stock has a market cap of C$16.16 million, a PE ratio of -5.00 and a beta of 0.62. The stock’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.06.

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.