TNR Gold (CVE:TNR) Trading Down 10% – What’s Next?

TNR Gold Corp. (CVE:TNR) shares were down 10% on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 773,625 shares traded hands during mid-day trading, an increase of 800% from the average daily volume of 85,948 shares. The stock had previously closed at C$0.05.

TNR Gold Price Performance

The company’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The firm has a market capitalization of C$9.50 million, a PE ratio of -5.00 and a beta of 0.62.

Insiders Place Their Bets

In other news, Director Kirill Klip sold 600,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of C$0.06, for a total value of C$36,000.00. Corporate insiders own 15.12% of the company’s stock.

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.