TNR Gold (CVE:TNR) Hits New 12-Month High – Still a Buy?

TNR Gold Corp. (CVE:TNR) hit a new 52-week high on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.18, with a volume of 203000 shares. The stock had previously closed at C$0.18.

Analyst Ratings Changes

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 report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$0.35.

TNR Gold Stock Performance

The business’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.13. The company has a market capitalization of C$36.59 million, a PE ratio of -17.50 and a beta of 1.02.

Insiders Place Their Bets

In other news, Director Konstantin Klip sold 200,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of C$0.16, for a total value of C$32,000.00. Following the completion of the transaction, the director owned 2,262,000 shares of the company’s stock, valued at C$361,920. The trade was a 8.12% decrease in their position. Also, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$0.17, for a total value of C$34,000.00. Following the sale, the director directly owned 27,163,000 shares in the company, valued at approximately C$4,617,710. This trade represents a 0.73% decrease in their ownership of the stock. Insiders have sold 800,000 shares of company stock valued at $128,000 over the last 90 days. 15.12% of the stock is currently owned by insiders.

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.