TNR Gold (CVE:TNR) Shares Up 26.7% – Time to Buy?

TNR Gold Corp. (CVE:TNR) rose 26.7% on Saturday . The company 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.

Analyst Ratings Changes

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

TNR Gold Price Performance

The firm’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06. The stock has a market cap of C$18.06 million, a P/E ratio of -5.00 and a beta of 0.62.

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.