TNR Gold (CVE:TNR) Shares Climb 7.5% – Time to Buy?

TNR Gold Corp. (CVE:TNR)’s share price shot up 7.5% on Wednesday. The stock traded as high as C$0.31 and last traded at C$0.28. 250,748 shares were traded during trading, a decline of 20% from the average daily volume of 313,195 shares. The stock had previously closed at C$0.27.

TNR Gold Price Performance

The firm has a market capitalization of C$74.41 million, a PE ratio of -15.25 and a beta of 0.03. The stock has a 50-day moving average price of C$0.28 and a 200-day moving average price of C$0.25.

Insider Buying and Selling

In other TNR Gold news, insider Altius Minerals Corporation bought 7,435,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were bought at an average cost of C$0.23 per share, with a total value of C$1,710,050.00. Following the transaction, the insider directly owned 30,935,000 shares in the company, valued at approximately C$7,115,050. This trade represents a 31.64% increase in their position. Also, Director Kirill Klip sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$0.28, for a total value of C$56,000.00. Following the transaction, the director owned 29,963,000 shares of the company’s stock, valued at approximately C$8,389,640. This trade represents a 0.66% decrease in their ownership of the stock. In the last 90 days, insiders have sold 960,000 shares of company stock valued at $259,500. 15.12% of the stock is owned by 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.