TNR Gold (CVE:TNR) Stock Price Down 22.7% – Time to Sell?

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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.28 price objective on shares of TNR Gold and gave the company a “buy” rating in a research note on Wednesday, February 19th.

TNR Gold Stock Down 22.7%

The company’s 50 day moving average price is C$0.06 and its 200 day moving average price is C$0.06. The firm has a market capitalization of C$16.16 million, a price-to-earnings ratio of -5.00 and a beta of 0.62.

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.