TNR Gold (CVE:TNR) Stock Jumps 19.2% – What’s Next?

TNR Gold Corp. (CVE:TNR)’s share price traded up 19.2% on Tuesday. The stock traded as high as C$0.31 and last traded at C$0.31. 477,420 shares were traded during trading, an increase of 53% from the average session volume of 311,252 shares. The stock had previously closed at C$0.26.

TNR Gold Stock Performance

The stock has a market cap of C$73.22 million, a P/E ratio of -15.00 and a beta of 0.40. The business has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.25.

Insiders Place Their Bets

In other news, insider Altius Minerals Corporation bought 7,435,000 shares of the stock in a transaction on Friday, July 17th. The shares were purchased at an average cost of C$0.23 per share, for a total transaction of C$1,710,050.00. Following the completion of the purchase, the insider directly owned 30,935,000 shares in the company, valued at C$7,115,050. This represents a 31.64% increase in their position. Also, Director Kirill Klip sold 200,000 shares of TNR Gold stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$0.28, for a total value of C$56,000.00. Following the completion of the sale, the director directly owned 29,963,000 shares of the company’s stock, valued at approximately C$8,389,640. This trade represents a 0.66% decrease in their position. Insiders sold 960,000 shares of company stock valued at $259,500 over the last three months. 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.