TNR Gold (CVE:TNR) Reaches New 1-Year High – Here’s What Happened

TNR Gold Corp. (CVE:TNR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.18, with a volume of 203000 shares traded. The stock had previously closed at C$0.18.

Wall Street Analysts Forecast Growth

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

TNR Gold Stock Performance

The firm has a market cap of C$37.64 million, a P/E ratio of -18.00 and a beta of 1.02. The business’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.13.

Insiders Place Their Bets

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 27,163,000 shares in the company, valued at C$4,617,710. The trade was a 0.73% decrease in their position. Also, Director Konstantin Klip sold 200,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of C$0.16, for a total transaction of C$32,000.00. Following the sale, the director directly owned 2,262,000 shares of the company’s stock, valued at C$361,920. The trade was a 8.12% decrease in their position. In the last quarter, insiders have sold 800,000 shares of company stock valued at $128,000. 15.12% of the stock is 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.