Insider Buying: Torrent Capital (CVE:TORR) Director Buys 61,500 Shares of Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe acquired 61,500 shares of the stock in a transaction dated Friday, January 9th. The stock was acquired at an average cost of C$0.56 per share, for a total transaction of C$34,440.00. Following the purchase, the director directly owned 9,747,167 shares in the company, valued at approximately C$5,458,413.52. The trade was a 0.63% increase in their ownership of the stock.

Torrent Capital Stock Down 14.3%

CVE:TORR traded down C$0.10 during trading hours on Wednesday, reaching C$0.60. 96,500 shares of the company’s stock were exchanged, compared to its average volume of 26,359. The company has a market capitalization of C$22.85 million, a P/E ratio of 2.61 and a beta of 0.26. Torrent Capital Ltd. has a 12 month low of C$0.35 and a 12 month high of C$0.85. The business’s 50-day simple moving average is C$0.58 and its two-hundred day simple moving average is C$0.60.

Torrent Capital Company Profile

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. The company was formerly known as Metallum Resources Inc and changed its name to Torrent Capital Ltd. in February 2017. Torrent Capital Ltd. is based in Halifax, Canada.