TNR Gold (CVE:TNR) Shares Up 30% – Still a Buy?

TNR Gold Corp. (CVE:TNR)’s share price shot up 30% on Tuesday . The company traded as high as C$0.26 and last traded at C$0.26. 1,713,773 shares changed hands during mid-day trading, an increase of 305% from the average session volume of 423,650 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

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

TNR Gold Stock Down 4.2%

The stock has a 50 day simple moving average of C$0.18 and a 200 day simple moving average of C$0.15. The company has a market cap of C$48.09 million, a price-to-earnings ratio of -23.00 and a beta of 0.47.

Insider Activity at TNR Gold

In other TNR Gold news, Director Kirill Klip sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$0.17, for a total transaction of C$34,000.00. Following the transaction, the director owned 27,163,000 shares in the company, valued at C$4,617,710. The trade was a 0.73% decrease in their ownership of the stock. 15.12% of the stock is currently owned by corporate 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.