TNR Gold (CVE:TNR) Given a C$0.35 Price Target by Fundamental Research Analysts

TNR Gold (CVE:TNR) has been assigned a C$0.35 price objective by research analysts at Fundamental Research in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 94.44% from the company’s current price.

TNR Gold Stock Performance

Shares of TNR stock remained flat at C$0.18 during midday trading on Wednesday. The company’s stock had a trading volume of 145,819 shares, compared to its average volume of 163,381. The firm has a market capitalization of C$37.64 million, a PE ratio of -18.00 and a beta of 1.33. The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.12. TNR Gold has a one year low of C$0.05 and a one year high of C$0.19.

Insider Activity

In related news, Director Konstantin Klip sold 200,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of C$0.16, for a total value of C$32,000.00. Following the completion of the sale, the director owned 2,262,000 shares in the company, valued at C$361,920. This trade represents 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 that occurred on Tuesday, December 16th. The stock was sold at an average price of C$0.15, for a total value of C$30,000.00. Following the transaction, the director owned 26,763,000 shares in the company, valued at C$4,014,450. The trade was a 0.74% decrease in their position. In the last ninety days, insiders sold 600,000 shares of company stock worth $94,000. 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.