TNR Gold (CVE:TNR) Trading Down 14.3% – Here’s Why

TNR Gold Corp. (CVE:TNR) dropped 14.3% during trading on Saturday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 2,449,000 shares traded hands during trading, an increase of 730% from the average daily volume of 294,929 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.30 target price on shares of TNR Gold and gave the company a “buy” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, TNR Gold currently has an average rating of “Buy” and a consensus target price of C$0.30.

TNR Gold Trading Down 14.3%

The company has a market capitalization of C$18.58 million, a price-to-earnings ratio of -9.00 and a beta of 1.07. The stock has a 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.09.

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.