TNR Gold (CVE:TNR) Shares Up 30% – Time to Buy?

Shares of TNR Gold Corp. (CVE:TNR) traded up 30% during trading on Tuesday . The company traded as high as C$0.26 and last traded at C$0.26. 1,713,773 shares were traded during trading, an increase of 305% from the average session volume of 423,650 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.35 target price on shares of TNR Gold and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$0.35.

TNR Gold Price Performance

The firm has a market cap of C$54.37 million, a PE ratio of -26.00 and a beta of 0.47. The business’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.15.

Insiders Place Their Bets

In related news, Director Kirill Klip sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of C$0.17, for a total transaction of C$34,000.00. Following the transaction, the director directly owned 27,163,000 shares in the company, valued at approximately C$4,617,710. The trade was a 0.73% decrease in their ownership of the stock. Insiders own 15.12% of the company’s stock.

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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.