TNR Gold (CVE:TNR) Shares Climb 19.2% – Still a Buy?

TNR Gold Corp. (CVE:TNR – Get Free Report)’s share price was up 19.2% during trading on Tuesday. The company traded as high as C$0.31 and last traded at C$0.31. 477,420 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 311,252 shares. The stock had previously closed at C$0.26.

TNR Gold Price Performance

The firm has a market cap of C$73.22 million, a price-to-earnings ratio of -15.00 and a beta of 0.40. The firm has a fifty day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.25.

Insider Activity at TNR Gold

In related news, insider Altius Minerals Corporation bought 7,435,000 shares of the company’s stock in a transaction on Friday, July 17th. The shares were bought at an average price 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. This trade represents a 31.64% increase in their ownership of the stock. Also, Director Kirill Klip sold 300,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 30,163,000 shares in the company, valued at approximately C$8,144,010. This represents a 0.98% decrease in their position. Insiders sold a total of 960,000 shares of company stock valued at $259,500 over the last ninety days. 15.12% of the stock is currently owned by insiders.

TNR Gold Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for TNR Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TNR Gold and related companies with MarketBeat.com's FREE daily email newsletter.