TNR Gold (CVE:TNR) Stock Price Up 20% – Should You Buy?

TNR Gold Corp. (CVE:TNR) rose 20% on Friday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 1,761,336 shares changed hands during mid-day trading, an increase of 419% from the average daily volume of 339,155 shares. The stock had previously closed at C$0.08.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.28 price target on TNR Gold and gave the stock a “buy” rating in a report on Wednesday, February 19th.

TNR Gold Stock Up 26.7%

The stock has a market capitalization of C$18.06 million, a price-to-earnings ratio of -5.00 and a beta of 0.62. The company has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.06.

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.