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

TNR Gold Corp. (CVE:TNR) fell 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 mid-day trading, an increase of 730% from the average session volume of 294,929 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

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

TNR Gold Stock Performance

The company has a market capitalization of C$18.58 million, a price-to-earnings ratio of -9.00 and a beta of 1.07. The business’s 50 day moving average is C$0.10 and its 200 day moving average is C$0.09.

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.