TNR Gold (CVE:TNR) Shares Up 26.7% – Here’s Why

TNR Gold Corp. (CVE:TNR) shares were up 26.7% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 3,346,336 shares traded hands during mid-day trading, an increase of 844% from the average daily volume of 354,544 shares. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

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 26.7%

The company has a market capitalization of C$18.06 million, a P/E ratio of -5.00 and a beta of 0.62. The business has a fifty day moving average price of C$0.06 and a 200 day moving average price of C$0.06.

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.