TNR Gold (CVE:TNR) Stock Price Up 24% – Here’s Why

TNR Gold Corp. (CVE:TNR) shares shot up 24% on Friday . The company traded as high as C$0.16 and last traded at C$0.16. 1,465,500 shares traded hands during trading, an increase of 349% from the average session volume of 326,399 shares. The stock had previously closed at C$0.13.

TNR Gold Trading Up 28.0%

The business’s fifty day moving average price is C$0.13 and its 200 day moving average price is C$0.10. The company has a market capitalization of C$33.46 million, a P/E ratio of -16.00 and a beta of 1.24.

Insiders Place Their Bets

In other news, Director Kirill Klip sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$0.15, for a total value of C$30,000.00. Following the sale, the director directly owned 26,763,000 shares in the company, valued at approximately C$4,014,450. This represents a 0.74% decrease in their position. Insiders sold 500,000 shares of company stock worth $66,000 over the last 90 days. 15.12% of the stock is currently owned by insiders.

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.