TNR Gold (CVE:TNR) Stock Price Up 26.7% – Time to Buy?

Shares of TNR Gold Corp. (CVE:TNR) shot up 26.7% during trading on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. 3,346,336 shares changed hands during trading, an increase of 844% from the average session volume of 354,544 shares. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

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

TNR Gold Price Performance

The stock’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The company has a market capitalization of C$18.06 million, a price-to-earnings ratio of -5.00 and a beta of 0.62.

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.