TNR Gold (CVE:TNR) Shares Down 22.7% – Here’s Why

TNR Gold Corp. (CVE:TNR) dropped 22.7% during trading on Saturday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 777,000 shares traded hands during trading, an increase of 113% from the average daily volume of 364,661 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

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

TNR Gold Price Performance

The company has a market capitalization of C$16.16 million, a P/E ratio of -5.00 and a beta of 0.62. The business has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.06.

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.