TNR Gold (CVE:TNR) Sets New 52-Week High – What’s Next?

Shares of TNR Gold Corp. (CVE:TNR) reached a new 52-week high on Thursday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 15040 shares trading hands. The stock had previously closed at C$0.28.

TNR Gold Stock Performance

The company’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.21. The stock has a market cap of C$65.47 million, a P/E ratio of -27.50 and a beta of 0.23.

Insiders Place Their Bets

In other news, Director Kirill Klip sold 200,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of C$0.26, for a total value of C$52,000.00. Following the sale, the director directly owned 27,663,000 shares in the company, valued at approximately C$7,192,380. This represents a 0.72% decrease in their ownership of the stock. Also, insider Altius Minerals Corporation purchased 7,435,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of C$0.23 per share, with a total value 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. The trade was a 31.64% increase in their position. Insiders sold a total of 350,000 shares of company stock valued at $91,000 over the last 90 days. 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.