James R. Paterson Purchases 40,000 Shares of Bluestone Resources Inc (CVE:BSR) Stock

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Bluestone Resources Inc (CVE:BSR) Director James R. Paterson bought 40,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of C$1.35 per share, for a total transaction of C$54,000.00. Following the transaction, the director now owns 725,350 shares in the company, valued at approximately C$979,222.50.

James R. Paterson also recently made the following trade(s):

  • On Friday, August 30th, James R. Paterson bought 10,000 shares of Bluestone Resources stock. The shares were bought at an average cost of C$1.36 per share, for a total transaction of C$13,600.00.
  • On Tuesday, August 27th, James R. Paterson bought 20,000 shares of Bluestone Resources stock. The shares were bought at an average cost of C$1.18 per share, for a total transaction of C$23,600.00.

CVE:BSR opened at C$1.38 on Thursday. The company has a market cap of $103.19 million and a PE ratio of -4.11. Bluestone Resources Inc has a twelve month low of C$0.85 and a twelve month high of C$1.60. The company has a current ratio of 9.08, a quick ratio of 8.65 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is C$1.17 and its two-hundred day moving average is C$1.12.

Separately, National Bank Financial boosted their target price on shares of Bluestone Resources from C$2.50 to C$2.90 and gave the stock an “outperform” rating in a research report on Thursday, September 5th.

About Bluestone Resources

Bluestone Resources Inc operates as a mineral exploration and development company. It focuses on advancing its 100% owned Cerro Blanco gold and Mita geothermal projects located in Guatemala. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.

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