TNR Gold (CVE:TNR) Trading Up 15.8% – Still a Buy?

TNR Gold Corp. (CVE:TNR) shares rose 15.8% during mid-day trading on Friday . The company traded as high as C$0.23 and last traded at C$0.22. Approximately 8,995,415 shares traded hands during mid-day trading, an increase of 2,147% from the average daily volume of 400,382 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

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

TNR Gold Stock Up 18.4%

The company has a market cap of C$47.05 million, a price-to-earnings ratio of -22.50 and a beta of 0.93. The firm has a 50 day moving average price of C$0.17 and a two-hundred day moving average price of C$0.14.

Insider Buying and Selling

In related news, Director Konstantin Klip sold 200,000 shares of TNR Gold stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of C$0.16, for a total transaction of C$32,000.00. Following 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 ownership of the stock. Also, 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 approximately C$4,617,710. This trade represents a 0.73% decrease in their ownership of the stock. Insiders have sold a total of 500,000 shares of company stock valued at $82,000 over the last three months. Corporate insiders own 15.12% of the company’s stock.

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.