TNR Gold (CVE:TNR) Hits New 12-Month High – What’s Next?

TNR Gold Corp. (CVE:TNR) shares reached a new 52-week high during trading on Monday . The company traded as high as C$0.24 and last traded at C$0.23, with a volume of 305273 shares changing hands. The stock had previously closed at C$0.20.

Analyst Upgrades and Downgrades

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

TNR Gold Price Performance

The stock has a market cap of C$47.05 million, a price-to-earnings ratio of -22.50 and a beta of 0.47. The stock’s 50-day moving average is C$0.17 and its 200-day moving average is C$0.15.

Insider Buying and Selling at TNR Gold

In other news, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$0.17, for a total transaction of C$34,000.00. Following the sale, the director owned 27,163,000 shares in the company, valued at C$4,617,710. This trade represents a 0.73% decrease in their ownership of the stock. 15.12% of the stock is currently owned by corporate 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.