Jon Christian Evensen Purchases 262,440 Shares of TNR Gold (CVE:TNR) Stock

TNR Gold Corp. (CVE:TNR) insider Jon Christian Evensen bought 262,440 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the acquisition, the insider directly owned 8,738,840 shares in the company, valued at approximately C$2,097,321.60. This trade represents a 3.10% increase in their position.

TNR Gold Trading Up 2.2%

Shares of TNR Gold stock traded up C$0.01 during trading on Friday, hitting C$0.24. 573,742 shares of the stock traded hands, compared to its average volume of 380,654. The firm has a market cap of C$50.40 million, a P/E ratio of -23.50 and a beta of 0.64. TNR Gold Corp. has a 52-week low of C$0.06 and a 52-week high of C$0.28. The stock’s fifty day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17.

Analyst Upgrades and Downgrades

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

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.