TNR Gold (CVE:TNR) Stock Price Down 8.9% – What’s Next?

TNR Gold Corp. (CVE:TNRGet Free Report)’s share price dropped 8.9% during mid-day trading on Monday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 439,352 shares were traded during trading, an increase of 9% from the average daily volume of 402,914 shares. The stock had previously closed at C$0.23.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.35 price target 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, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$0.35.

Read Our Latest Stock Analysis on TNR

TNR Gold Stock Performance

The firm’s 50 day moving average price is C$0.17 and its two-hundred day moving average price is C$0.15. The firm has a market cap of C$40.78 million, a PE ratio of -19.50 and a beta of 0.93.

Insider Activity at TNR Gold

In other TNR Gold news, Director Konstantin Klip sold 200,000 shares of TNR Gold stock in a transaction on Monday, January 5th. The stock was sold at an average price of C$0.16, for a total value of C$32,000.00. Following the sale, the director owned 2,262,000 shares in the company, 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 TNR Gold stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of C$0.17, for a total value of C$34,000.00. Following the completion of the sale, the director owned 27,163,000 shares in the company, valued at C$4,617,710. This represents a 0.73% decrease in their position. Insiders sold 500,000 shares of company stock valued at $82,000 over the last quarter. 15.12% of the stock is currently owned by company 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.

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