TNR Gold (CVE:TNR) Insider Acquires C$62,985.60 in Stock

TNR Gold Corp. (CVE:TNR) insider Jon Christian Evensen bought 262,440 shares of TNR Gold stock in a transaction on Friday, May 15th. The stock was purchased at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the acquisition, the insider directly owned 8,738,840 shares of the company’s stock, valued at C$2,097,321.60. This represents a 3.10% increase in their position.

TNR Gold Trading Up 2.2%

Shares of CVE:TNR traded up C$0.01 during trading on Friday, reaching C$0.24. The stock had a trading volume of 573,742 shares, compared to its average volume of 380,654. TNR Gold Corp. has a one year low of C$0.06 and a one year high of C$0.28. The company has a market capitalization of C$50.40 million, a P/E ratio of -23.50 and a beta of 0.64. The firm’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.35 target price on shares of TNR Gold and gave the company a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$0.35.

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.