TNR Gold (CVE:TNR) Hits New 52-Week High – Time to Buy?

Shares of TNR Gold Corp. (CVE:TNR) hit a new 52-week high on Tuesday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 64600 shares trading hands. The stock had previously closed at C$0.28.

TNR Gold Stock Performance

The stock has a market cap of C$67.14 million, a price-to-earnings ratio of -28.20 and a beta of 0.19. The company’s 50 day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.22.

Insiders Place Their Bets

In other news, Director Kirill Klip sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$0.27, for a total transaction of C$81,000.00. Following the completion of the sale, the director directly owned 30,163,000 shares of the company’s stock, valued at C$8,144,010. This trade represents a 0.98% decrease in their position. Also, insider Altius Minerals Corporation acquired 7,435,000 shares of the business’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, for a total transaction of C$1,710,050.00. Following the transaction, the insider owned 30,935,000 shares of the company’s stock, valued at approximately C$7,115,050. This represents a 31.64% increase in their position. Insiders have sold a total of 850,000 shares of company stock valued at $228,000 in the last three months. Insiders own 15.12% of the company’s stock.

About TNR Gold

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.