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

TNR Gold Corp. (CVE:TNR)’s share price reached a new 52-week high on Monday . The company traded as high as C$0.24 and last traded at C$0.23, with a volume of 305273 shares traded. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

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

TNR Gold Stock Performance

The stock has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.15. The stock has a market cap of C$48.09 million, a PE ratio of -23.00 and a beta of 0.47.

Insiders Place Their Bets

In related news, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 27,163,000 shares of the company’s stock, valued at approximately C$4,617,710. This trade represents a 0.73% decrease in their position. 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.