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

TNR Gold Corp. (CVE:TNR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.27 and last traded at C$0.27, with a volume of 142001 shares. The stock had previously closed at C$0.28.

TNR Gold Trading Up 1.8%

The stock’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.22. The stock has a market cap of C$66.66 million, a price-to-earnings ratio of -28.00 and a beta of 0.19.

Insider Buying and Selling at TNR Gold

In other TNR Gold news, insider Jon Christian Evensen acquired 262,440 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$0.24 per share, for a total transaction of C$62,985.60. Following the completion of the purchase, the insider directly owned 8,738,840 shares in the company, valued at C$2,097,321.60. This represents a 3.10% increase in their ownership of the stock. Also, insider Altius Minerals Corporation acquired 7,435,000 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average cost of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider directly owned 30,935,000 shares of the company’s stock, valued at approximately C$7,115,050. This represents a 31.64% increase in their ownership of the stock. Insiders have sold a total of 350,000 shares of company stock valued at $91,000 over the last ninety days. Corporate insiders own 15.12% of the company’s stock.

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.