Torrent Capital (CVE:TORR) Stock Price Down 8.9% – Time to Sell?

Torrent Capital Ltd. (CVE:TORR) fell 8.9% during trading on Wednesday . The company traded as low as C$0.51 and last traded at C$0.51. 2,100 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 13,857 shares. The stock had previously closed at C$0.56.

Torrent Capital Stock Down 8.9%

The firm has a market capitalization of C$19.43 million, a PE ratio of 2.22 and a beta of 0.09. The business’s fifty day moving average price is C$0.58 and its 200 day moving average price is C$0.60.

Insiders Place Their Bets

In related news, Director Wade K. Dawe acquired 61,500 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was bought at an average cost of C$0.56 per share, with a total value of C$34,440.00. Following the transaction, the director owned 9,747,167 shares of the company’s stock, valued at C$5,458,413.52. The trade was a 0.63% increase in their ownership of the stock. Over the last ninety days, insiders purchased 78,000 shares of company stock worth $44,520. 60.95% of the stock is currently owned by company insiders.

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.