Wade Dawe Buys 52,000 Shares of Torrent Capital (CVE:TORR) Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe acquired 52,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of C$0.51 per share, with a total value of C$26,520.00. Following the completion of the purchase, the director directly owned 9,881,667 shares of the company’s stock, valued at approximately C$5,039,650.17. This represents a 0.53% increase in their position.

Torrent Capital Stock Performance

CVE TORR traded up C$0.13 during trading on Monday, reaching C$0.64. 58,000 shares of the company’s stock were exchanged, compared to its average volume of 16,006. Torrent Capital Ltd. has a 1 year low of C$0.41 and a 1 year high of C$0.75. The stock has a market cap of C$24.44 million, a P/E ratio of 10.67 and a beta of -0.15. The company has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.54.

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.