Torrent Capital (CVE:TORR) Stock Price Down 8.2% – What’s Next?

Shares of Torrent Capital Ltd. (CVE:TORR) traded down 8.2% on Thursday . The company traded as low as C$0.45 and last traded at C$0.45. 14,000 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 15,738 shares. The stock had previously closed at C$0.49.

Torrent Capital Price Performance

The firm has a market capitalization of C$17.14 million, a P/E ratio of 1.96 and a beta of -0.03. The firm has a 50-day moving average price of C$0.56 and a two-hundred day moving average price of C$0.58.

Insider Buying and Selling

In related news, Director Wade K. Dawe acquired 61,500 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was bought at an average price of C$0.56 per share, for a total transaction of C$34,440.00. Following the acquisition, the director directly owned 9,747,167 shares of the company’s stock, valued at C$5,458,413.52. This represents a 0.63% increase in their position. Over the last quarter, insiders have bought 78,000 shares of company stock valued at $44,520. Company insiders own 60.95% of the company’s stock.

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.