Torrent Capital Ltd. (CVE:TORR – Get Free Report)’s stock price was up 1.8% during mid-day trading on Thursday . The stock traded as high as C$0.59 and last traded at C$0.58. Approximately 17,000 shares traded hands during trading, a decline of 7% from the average daily volume of 18,269 shares. The stock had previously closed at C$0.57.
Torrent Capital Trading Up 10.3%
The firm’s 50-day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.52. The company has a market cap of C$24.44 million, a PE ratio of 10.67 and a beta of -0.10.
Insider Transactions at Torrent Capital
In other Torrent Capital news, Director Wade K. Dawe acquired 72,500 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were purchased at an average price of C$0.55 per share, for a total transaction of C$39,875.00. Following the completion of the purchase, the director directly owned 9,986,167 shares of the company’s stock, valued at C$5,492,391.85. The trade was a 0.73% increase in their ownership of the stock. Over the last ninety days, insiders have purchased 158,000 shares of company stock worth $84,580. Company insiders own 60.95% of the company’s stock.
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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