TNR Gold (CVE:TNR) Shares Climb 7.5% – Time to Buy?

TNR Gold Corp. (CVE:TNR) shot up 7.5% during mid-day trading on Wednesday. The stock traded as high as C$0.31 and last traded at C$0.28. Approximately 250,748 shares changed hands during trading, a decline of 20% from the average session volume of 313,195 shares. The stock had previously closed at C$0.27.

TNR Gold Stock Performance

The company has a market cap of C$74.41 million, a P/E ratio of -15.25 and a beta of 0.03. The business has a fifty day simple moving average of C$0.28 and a 200 day simple moving average of C$0.25.

Insider Activity at TNR Gold

In other news, insider Altius Minerals Corporation purchased 7,435,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider owned 30,935,000 shares in the company, valued at approximately C$7,115,050. The trade was a 31.64% increase in their position. Also, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$0.28, for a total value of C$56,000.00. Following the transaction, the director owned 29,963,000 shares in the company, valued at C$8,389,640. This trade represents a 0.66% decrease in their ownership of the stock. Over the last three months, insiders have sold 960,000 shares of company stock worth $259,500. Corporate 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.