TNR Gold (CVE:TNR) Hits New 52-Week High – Here’s Why

Shares of TNR Gold Corp. (CVE:TNR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.32 and last traded at C$0.32, with a volume of 17784 shares. The stock had previously closed at C$0.32.

TNR Gold Stock Performance

The stock has a market cap of C$76.19 million, a price-to-earnings ratio of -32.00 and a beta of 0.19. The company has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.22.

Insider Buying and Selling

In other TNR Gold news, insider Altius Minerals Corporation purchased 7,435,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was bought at an average cost of C$0.23 per share, with a total value of C$1,710,050.00. Following the purchase, the insider directly owned 30,935,000 shares of the company’s stock, valued at C$7,115,050. The trade was a 31.64% increase in their ownership of the stock. Also, Director Kirill Klip sold 200,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$0.28, for a total transaction of C$56,000.00. Following the completion of the sale, the director directly owned 29,963,000 shares in the company, valued at approximately C$8,389,640. This represents a 0.66% decrease in their position. In the last three months, insiders sold 900,000 shares of company stock worth $241,500. 15.12% of the stock is owned by insiders.

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.