TNR Gold (CVE:TNR) Shares Down 14.3% – Here’s Why

TNR Gold Corp. (CVE:TNR)’s share price traded down 14.3% during mid-day trading on Saturday . The stock traded as low as C$0.09 and last traded at C$0.09. 2,449,000 shares traded hands during trading, an increase of 730% from the average session volume of 294,929 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.30 price objective on shares of TNR Gold and gave the stock a “buy” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$0.30.

TNR Gold Price Performance

The firm has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.09. The stock has a market capitalization of C$18.58 million, a P/E 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.