TNR Gold (CVE:TNR) Shares Up 24% – Here’s Why

TNR Gold Corp. (CVE:TNR)’s stock price rose 24% during mid-day trading on Friday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 1,465,500 shares were traded during trading, an increase of 349% from the average daily volume of 326,399 shares. The stock had previously closed at C$0.13.

TNR Gold Trading Up 28.0%

The firm has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.11. The firm has a market cap of C$33.46 million, a PE ratio of -16.00 and a beta of 1.24.

Insider Buying and Selling

In related news, Director Kirill Klip sold 200,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$0.15, for a total value of C$30,000.00. Following the completion of the sale, the director owned 26,763,000 shares of the company’s stock, valued at C$4,014,450. This trade represents a 0.74% decrease in their ownership of the stock. Insiders sold a total of 500,000 shares of company stock valued at $66,000 over the last ninety days. 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.