TNR Gold (CVE:TNR) Hits New 52-Week High – Time to Buy?

Shares of TNR Gold Corp. (CVE:TNR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 64600 shares. The stock had previously closed at C$0.28.

TNR Gold Stock Performance

The company has a market capitalization of C$67.14 million, a price-to-earnings ratio of -28.20 and a beta of 0.19. The business’s 50 day moving average price is C$0.25 and its two-hundred day moving average price is C$0.22.

Insider Activity at TNR Gold

In other news, insider Jon Christian Evensen bought 262,440 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the purchase, the insider directly owned 8,738,840 shares of the company’s stock, valued at C$2,097,321.60. This represents a 3.10% increase in their position. Also, insider Altius Minerals Corporation acquired 7,435,000 shares of TNR Gold stock in a transaction dated Friday, July 17th. The shares were acquired at an average price of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider owned 30,935,000 shares in the company, valued at approximately C$7,115,050. This represents a 31.64% increase in their position. Insiders sold 850,000 shares of company stock valued at $228,000 over the last 90 days. 15.12% of the stock is currently owned by corporate insiders.

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. TNR Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.