Torrent Capital Ltd. (CVE:TORR – Get Free Report) shares fell 1.9% on Friday . The stock traded as low as C$0.52 and last traded at C$0.52. 16,666 shares traded hands during trading, a decline of 5% from the average session volume of 17,579 shares. The stock had previously closed at C$0.53.
Torrent Capital Stock Performance
The stock has a market capitalization of C$19.85 million, a PE ratio of 4.73 and a beta of -0.08. The stock’s 50 day moving average is C$0.56 and its two-hundred day moving average is C$0.52.
Insider Activity at Torrent Capital
In other news, Director Wade K. Dawe bought 72,500 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were acquired at an average price of C$0.55 per share, for a total transaction of C$39,875.00. Following the completion of the transaction, the director directly owned 9,986,167 shares in the company, valued at C$5,492,391.85. The trade was a 0.73% increase in their position. Insiders purchased a total of 100,000 shares of company stock worth $55,000 over the last ninety days. 60.95% of the stock is owned by corporate 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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