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

Shares of TNR Gold Corp. (CVE:TNR) dropped 14.3% during trading on Saturday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 2,449,000 shares were traded during 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 price objective on TNR Gold and gave the stock a “buy” rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$0.30.

TNR Gold Price Performance

The company has a market cap of C$18.58 million, a PE ratio of -9.00 and a beta of 1.07. The company’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09.

About TNR Gold

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.