Altius Minerals Corporation Purchases 7,435,000 Shares of TNR Gold (CVE:TNR) Stock

Key Points

  • Altius Minerals Corporation bought 7,435,000 shares of TNR Gold on July 17 at an average price of C$0.23 per share, totaling about C$1.71 million.
  • After the purchase, Altius directly owned 30,935,000 shares, increasing its stake by 31.64%.
  • TNR Gold shares were up 4.2% to C$0.25, with the stock trading near its 50-day average and close to its 12-month high of C$0.28.

TNR Gold Corp. (CVE:TNR - Get Free Report) insider Altius Minerals Corporation purchased 7,435,000 shares of the firm's stock in a transaction on Friday, July 17th. The stock was acquired at an average cost of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider directly owned 30,935,000 shares in the company, valued at C$7,115,050. This trade represents a 31.64% increase in their ownership of the stock.

TNR Gold Trading Up 4.2%

Shares of CVE TNR opened at C$0.25 on Wednesday. The stock has a market cap of C$59.52 million, a P/E ratio of -25.00 and a beta of 0.23. The business's fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.21. TNR Gold Corp. has a 12-month low of C$0.08 and a 12-month high of C$0.28.

TNR Gold Company Profile

(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.

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