Insider Buying: Comet Industries (CVE:CMU) Director Acquires 2,000 Shares

Comet Industries Ltd. (CVE:CMU) Director Jesus Alfonso purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average cost of C$6.00 per share, for a total transaction of C$12,000.00. Following the acquisition, the director directly owned 215,800 shares in the company, valued at approximately C$1,294,800. The trade was a 0.94% increase in their ownership of the stock.

Comet Industries Price Performance

Shares of Comet Industries stock traded up C$0.01 on Thursday, hitting C$6.00. 2,000 shares of the company traded hands, compared to its average volume of 4,469. The firm’s 50-day simple moving average is C$5.98 and its 200 day simple moving average is C$4.79. The company has a current ratio of 4.89, a quick ratio of 6.63 and a debt-to-equity ratio of 16.79. The company has a market cap of C$28.77 million, a P/E ratio of -50.00 and a beta of -0.36. Comet Industries Ltd. has a 12-month low of C$3.40 and a 12-month high of C$6.35.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.