TNR Gold (CVE:TNR) Trading 26.7% Higher – Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.28 target price on shares of 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 cap of C$18.06 million, a price-to-earnings ratio of -5.00 and a beta of 0.62. The business has a fifty day simple moving average of C$0.06 and a 200 day simple moving average 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.