TNR Gold (CVE:TNR) Trading Down 8.9% – Here’s Why

TNR Gold Corp. (CVE:TNR)’s share price dropped 8.9% during trading on Monday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 439,352 shares traded hands during trading, an increase of 9% from the average daily volume of 402,914 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

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

TNR Gold Stock Down 6.7%

The firm has a market cap of C$43.91 million, a P/E ratio of -21.00 and a beta of 0.93. The business has a fifty day moving average of C$0.17 and a 200 day moving average of C$0.14.

Insider Buying and Selling

In related news, Director Konstantin Klip sold 200,000 shares of the stock in a transaction on 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 in the company, valued at approximately C$361,920. This represents a 8.12% decrease in their position. Also, Director Kirill Klip sold 200,000 shares of the firm’s 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 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 position. Over the last ninety days, insiders sold 500,000 shares of company stock valued at $82,000. Insiders own 15.12% of the company’s stock.

TNR Gold Company Profile

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.