TNR Gold (CVE:TNR) Insider Jon Christian Evensen Buys 262,440 Shares

TNR Gold Corp. (CVE:TNR) insider Jon Christian Evensen bought 262,440 shares of TNR Gold stock in a transaction on Friday, May 15th. The shares were 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 purchase, the insider directly owned 8,738,840 shares in the company, valued at C$2,097,321.60. This trade represents a 3.10% increase in their ownership of the stock.

TNR Gold Stock Up 2.2%

TNR Gold stock opened at C$0.24 on Friday. The firm has a 50-day moving average price of C$0.21 and a two-hundred day moving average price of C$0.17. The firm has a market capitalization of C$50.40 million, a price-to-earnings ratio of -23.50 and a beta of 0.64. TNR Gold Corp. has a 52-week low of C$0.06 and a 52-week high of C$0.28.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.35 target price on shares of TNR Gold and gave the company a “buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$0.35.

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.