TNR Gold (CVE:TNR) Trading Up 26.7% – Should You Buy?

TNR Gold Corp. (CVE:TNR) shares rose 26.7% during mid-day trading on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 3,346,336 shares were traded during mid-day trading, an increase of 844% from the average daily volume of 354,544 shares. The stock had previously closed at C$0.08.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.28 price objective on TNR Gold and gave the company a “buy” rating in a research note on Wednesday, February 19th.

TNR Gold Trading Up 26.7%

The firm has a market cap of C$18.06 million, a PE ratio of -5.00 and a beta of 0.62. The stock has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06.

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.