TNR Gold (CVE:TNR) Shares Down 14.3% – Here’s Why

by · The Cerbat Gem

TNR Gold Corp. (CVE:TNR – Get Free Report) shares dropped 14.3% during mid-day trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 2,449,000 shares traded hands during mid-day trading, an increase of 730% from the average daily volume of 294,929 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.30 target price on shares of TNR Gold and gave the stock a “buy” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, TNR Gold has an average rating of “Buy” and an average target price of C$0.30.

Check Out Our Latest Stock Report on TNR

TNR Gold Stock Performance

The company has a market cap of C$18.58 million, a price-to-earnings ratio of -9.00 and a beta of 1.07. The business has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.09.

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.

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