TNR Gold (CVE:TNR) Reaches New 12-Month High – Here’s Why

TNR Gold Corp. (CVE:TNR)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 64600 shares traded. The stock had previously closed at C$0.28.

TNR Gold Stock Performance

The company has a market cap of C$73.81 million, a price-to-earnings ratio of -31.00 and a beta of 0.19. The company has a fifty day moving average of C$0.26 and a two-hundred day moving average of C$0.22.

Insider Transactions at TNR Gold

In related news, insider Altius Minerals Corporation acquired 7,435,000 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were purchased at an average price of C$0.23 per share, for a total transaction of C$1,710,050.00. Following the completion of the acquisition, the insider owned 30,935,000 shares of the company’s stock, valued at approximately C$7,115,050. This trade represents a 31.64% increase in their ownership of the stock. Also, insider Jon Christian Evensen purchased 262,440 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$0.24 per share, with a total value of C$62,985.60. Following 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 position. In the last ninety days, insiders sold 900,000 shares of company stock valued at $241,500. Corporate 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.