TNR Gold (CVE:TNR) Trading 2.2% Higher – What’s Next?

TNR Gold Corp. (CVE:TNR) shares rose 2.2% on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.23. Approximately 21,500 shares were traded during trading, a decline of 94% from the average daily volume of 386,074 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 research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$0.35.

TNR Gold Trading Up 2.2%

The firm’s 50-day moving average is C$0.21 and its two-hundred day moving average is C$0.17. The stock has a market cap of C$48.09 million, a price-to-earnings ratio of -23.00 and a beta of 0.64.

Insider Buying and Selling at TNR Gold

In related news, Director Kirill Klip sold 200,000 shares of the company’s stock in a transaction dated 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 in the company, valued at C$4,617,710. This represents a 0.73% decrease in their position. 15.12% of the stock is currently owned by company 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.