Torrent Capital (CVE:TORR) Stock Price Down 1.9% – Time to Sell?

Torrent Capital Ltd. (CVE:TORR)’s share price dropped 1.9% during trading on Friday . The company traded as low as C$0.52 and last traded at C$0.52. Approximately 16,666 shares changed 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 Price Performance

The company 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 simple moving average is C$0.56 and its 200-day simple moving average is C$0.52.

Insider Buying and Selling at Torrent Capital

In other Torrent Capital news, Director Wade K. Dawe acquired 72,500 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The stock was 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 acquisition, the director owned 9,986,167 shares of the company’s stock, valued at approximately C$5,492,391.85. This trade represents a 0.73% increase in their position. Insiders have purchased a total of 100,000 shares of company stock valued at $55,000 in the last ninety days. Insiders own 60.95% of the company’s stock.

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.