Shares of Torrent Capital Ltd. (CVE:TORR – Get Free Report) were up 18% on Tuesday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 12,500 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 18,248 shares. The stock had previously closed at C$0.50.
Torrent Capital Stock Performance
The stock has a market cap of C$22.53 million, a price-to-earnings ratio of 9.83 and a beta of -0.11. The company has a 50-day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.52.
Insider Buying and Selling at Torrent Capital
In other news, Director Wade K. Dawe bought 72,500 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was acquired at an average cost of C$0.55 per share, with a total value of C$39,875.00. Following the completion of the purchase, the director owned 9,986,167 shares of the company’s stock, valued at C$5,492,391.85. This represents a 0.73% increase in their ownership of the stock. Insiders have acquired 158,000 shares of company stock valued at $84,580 over the last three months. 60.95% of the stock is currently owned by company insiders.
About Torrent Capital
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.
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