TNR Gold (CVE:TNR) Stock Price Down 9.5% – Should You Sell?

TNR Gold Corp. (CVE:TNR)’s stock price was down 9.5% during mid-day trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 1,558,500 shares were traded during mid-day trading, an increase of 436% from the average daily volume of 290,575 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.30 price objective on TNR Gold and gave the company a “buy” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$0.30.

TNR Gold Trading Down 14.3%

The business has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.09. The company has a market cap of C$18.58 million, a PE ratio of -9.00 and a beta of 1.07.

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.