Insider Buying: Kintavar Exploration (CVE:KTR) Director Acquires 406,000 Shares of Stock

Kintavar Exploration Inc (CVE:KTR) Director Stephen Alexander Nelson Stewart purchased 406,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was bought at an average cost of C$0.60 per share, with a total value of C$243,600.00. Following the purchase, the director owned 1,000,000 shares of the company’s stock, valued at C$600,000. This represents a 68.35% increase in their ownership of the stock.

Kintavar Exploration Trading Up 6.3%

KTR opened at C$0.09 on Tuesday. The stock has a market capitalization of C$18.19 million, a price-to-earnings ratio of -17.00 and a beta of 1.43. The company has a quick ratio of 5.05, a current ratio of 5.89 and a debt-to-equity ratio of 6.46. Kintavar Exploration Inc has a twelve month low of C$0.01 and a twelve month high of C$0.10. The company has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.02.

About Kintavar Exploration

Kintavar Exploration Inc focuses on the acquisition, development, exploration, and evaluation of precious and base metals. It primarily holds interests in the Anik property covering an area of 145 claims totaling 8,116 hectares located in the towns of Chapais and Chibougamau; Rivière-à-l’Aigle project consisting of 161 claims totaling 9 026.07 hectares situated in the Chapais-Chibougamau region; and Mitchi property comprising 362 claims covering an area of 210 square kilometers located in the Grenville province in Quebec.