TNR Gold (CVE:TNR) Reaches New 12-Month High – Still a Buy?

Shares of TNR Gold Corp. (CVE:TNR) hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 231570 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.35 target price on 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, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$0.35.

TNR Gold Trading Up 2.7%

The business’s 50 day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.14. The firm has a market capitalization of C$39.73 million, a PE ratio of -19.00 and a beta of 0.93.

Insider Buying and Selling

In other news, Director Kirill Klip sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of C$0.17, for a total value of C$34,000.00. Following the completion of the sale, the director directly 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. Also, Director Konstantin Klip sold 200,000 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of C$0.16, for a total value of C$32,000.00. Following the sale, the director owned 2,262,000 shares of the company’s stock, valued at C$361,920. This represents a 8.12% decrease in their position. Over the last quarter, insiders sold 500,000 shares of company stock valued at $82,000. Company insiders own 15.12% of the company’s stock.

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.