Torrent Capital (CVE:TORR) Stock Price Up 1.7% – Here’s Why

Torrent Capital Ltd. (CVE:TORR) shares traded up 1.7% during mid-day trading on Friday . The stock traded as high as C$0.62 and last traded at C$0.60. Approximately 67,500 shares changed hands during mid-day trading, an increase of 295% from the average daily volume of 17,087 shares. The stock had previously closed at C$0.59.

Torrent Capital Price Performance

The stock has a market cap of C$22.85 million, a P/E ratio of 3.75 and a beta of 0.35. The business’s fifty day moving average price is C$0.61 and its 200 day moving average price is C$0.62.

Insider Buying and Selling at Torrent Capital

In other Torrent Capital news, Director Wade K. Dawe acquired 44,500 shares of the stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of C$0.65 per share, with a total value of C$28,925.00. Following the transaction, the director owned 9,352,079 shares in the company, valued at approximately C$6,078,851.35. The trade was a 0.48% increase in their position. Insiders have acquired 111,000 shares of company stock worth $70,740 in the last ninety days. Corporate 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.