TNR Gold (CVE:TNR) Reaches New 52-Week High – Still a Buy?

TNR Gold Corp. (CVE:TNR)’s share price reached a new 52-week high on Thursday . The company traded as high as C$0.13 and last traded at C$0.13, with a volume of 664264 shares changing hands. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.30 target price on shares of TNR Gold and gave the company a “buy” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$0.30.

TNR Gold Price Performance

The company has a 50 day moving average of C$0.11 and a 200-day moving average of C$0.09. The company has a market cap of C$26.84 million, a P/E ratio of -13.00 and a beta of 1.07.

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.