TNR Gold (CVE:TNR) Shares Up 18.2% – Still a Buy?

TNR Gold Corp. (CVE:TNR) traded up 18.2% on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 128,000 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 323,820 shares. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.28 target price on TNR Gold and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

TNR Gold Stock Up 18.2 %

The business has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The firm has a market cap of C$12.35 million, a PE ratio of -5.00 and a beta of 0.62.

Insiders Place Their Bets

In other TNR Gold news, Director Kirill Klip sold 600,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of C$0.06, for a total transaction of C$36,000.00. 15.12% of the stock is currently owned by company insiders.

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.