TNR Gold (CVE:TNR) Stock Price Down 8% – Here’s What Happened

TNR Gold Corp. (CVE:TNR)’s share price dropped 8% during trading on Wednesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 488,436 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 415,680 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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

TNR Gold Price Performance

The company has a market capitalization of C$52.28 million, a price-to-earnings ratio of -25.00 and a beta of 0.47. The stock has a 50 day moving average of C$0.19 and a 200 day moving average of C$0.16.

Insider Transactions at TNR Gold

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

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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.