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

TNR Gold Corp. (CVE:TNR)’s share price 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 changed hands during trading, an increase of 1% from the average session volume of 385,888 shares. The stock had previously closed at C$0.23.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.35 price target on shares of TNR Gold and gave the stock a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, TNR Gold has an average rating of “Buy” and an average price target of C$0.35.

TNR Gold Price Performance

The stock has a market capitalization of C$53.62 million, a PE ratio of -25.00 and a beta of 0.64. The stock’s 50 day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.18.

Insider Buying and Selling

In other TNR Gold news, insider Jon Christian Evensen acquired 262,440 shares of TNR Gold stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$0.24 per share, for a total transaction of C$62,985.60. Following the purchase, the insider owned 8,738,840 shares of the company’s stock, valued at approximately C$2,097,321.60. This represents a 3.10% increase in their ownership of the stock. Also, Director Kirill Klip sold 200,000 shares of TNR Gold stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 of the company’s stock, valued at C$4,617,710. This represents a 0.73% decrease in their ownership of the stock. 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.