Key Points
- Insider buying: TNR Gold insider Jon Christian Evensen bought 262,440 shares for C$62,985.60 at C$0.24 per share, increasing his stake by 3.10% to 8,738,840 shares.
- Stock performance: TNR Gold shares were up 2.2% and traded at C$0.24, near the high end of their 52-week range of C$0.06 to C$0.28.
- Analyst view: Fundamental Research has a buy rating on the stock with a C$0.35 price target, matching the broader consensus rating and target.
TNR Gold Corp. (CVE:TNR - Get Free Report) insider Jon Christian Evensen purchased 262,440 shares of TNR Gold stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the purchase, the insider owned 8,738,840 shares in the company, valued at approximately C$2,097,321.60. This trade represents a 3.10% increase in their position.
TNR Gold Trading Up 2.2%
Shares of CVE:TNR opened at C$0.24 on Friday. The company has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.17. The firm has a market cap of C$50.40 million, a P/E ratio of -23.50 and a beta of 0.64. TNR Gold Corp. has a twelve month low of C$0.06 and a twelve month high of C$0.28.
Wall Street Analyst Weigh In
Separately, Fundamental Research set a C$0.35 price target on shares of TNR Gold and gave the stock a "buy" rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, TNR Gold presently has a consensus rating of "Buy" and an average price target of C$0.35.
Read Our Latest Research Report on TNR
About TNR Gold
(
Get Free Report)
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.
Further Reading
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