TNR Gold (CVE:TNR) Shares Down 5.9% – Here’s What Happened

Shares of TNR Gold Corp. (CVE:TNR) dropped 5.9% during trading on Thursday . The stock traded as low as C$0.24 and last traded at C$0.24. 28,950 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 349,604 shares. The stock had previously closed at C$0.26.

TNR Gold Stock Performance

The stock has a market cap of C$57.14 million, a PE ratio of -24.00 and a beta of 0.23. The stock’s 50-day moving average is C$0.24 and its two-hundred day moving average is C$0.21.

Insider Transactions at TNR Gold

In other news, insider Jon Christian Evensen purchased 262,440 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$0.24 per share, for a total transaction of C$62,985.60. Following the completion of the purchase, the insider directly owned 8,738,840 shares of the company’s stock, valued at approximately C$2,097,321.60. This trade represents a 3.10% increase 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.