TNR Gold (CVE:TNR) Stock Price Down 2.2% – Should You Sell?

Shares of TNR Gold Corp. (CVE:TNR) dropped 2.2% during trading on Wednesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 147,500 shares changed hands during trading, a decline of 62% from the average daily volume of 392,449 shares. The stock had previously closed at C$0.23.

TNR Gold Price Performance

The stock has a market cap of C$53.57 million, a price-to-earnings ratio of -22.50 and a beta of 0.24. The business’s 50 day moving average is C$0.24 and its 200 day moving average is C$0.19.

Insiders Place Their Bets

In related news, insider Jon Christian Evensen purchased 262,440 shares of TNR Gold stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$0.24 per share, with a total value of C$62,985.60. Following the completion of the transaction, the insider directly owned 8,738,840 shares in the company, valued at approximately C$2,097,321.60. The trade was a 3.10% increase in their ownership of the stock. 15.12% of the stock is currently owned by company insiders.

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