TNR Gold (CVE:TNR) Stock Price Up 18.2% – Should You Buy?

Shares of TNR Gold Corp. (CVE:TNR) rose 18.2% on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 328,000 shares were traded during trading, a decline of 1% from the average daily volume of 329,998 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.28 price objective on TNR Gold and gave the stock a “buy” rating in a research report on Wednesday, February 19th.

TNR Gold Price Performance

The firm has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a market capitalization of C$10.45 million, a price-to-earnings ratio of -5.00 and a beta of 0.62.

Insider Transactions at TNR Gold

In other news, Director Kirill Klip sold 600,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of C$0.06, for a total transaction of C$36,000.00. In the last three months, insiders sold 817,000 shares of company stock worth $49,765. 15.12% of the stock is owned by company insiders.

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.