TNR Gold (CVE:TNR) Trading Up 1.9% – Should You Buy?

TNR Gold Corp. (CVE:TNR) shot up 1.9% during mid-day trading on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 103,515 shares traded hands during trading, a decline of 67% from the average daily volume of 317,731 shares. The stock had previously closed at C$0.27.

TNR Gold Price Performance

The stock’s 50 day moving average is C$0.28 and its 200-day moving average is C$0.25. The company has a market capitalization of C$67.10 million, a P/E ratio of -13.75 and a beta of 0.03.

Insider Buying and Selling

In other news, insider Altius Minerals Corporation bought 7,435,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was purchased at an average price of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider owned 30,935,000 shares of the company’s stock, valued at approximately C$7,115,050. The trade was a 31.64% increase in their ownership of the stock. Also, Director Kirill Klip sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$0.27, for a total value of C$81,000.00. Following the completion of the transaction, the director owned 30,163,000 shares of the company’s stock, valued at approximately C$8,144,010. The trade was a 0.98% decrease in their position. Insiders have sold a total of 960,000 shares of company stock worth $259,500 in the last quarter. Company 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.