Prophecy Development (TSE:PCY) Stock Crosses Above 50-Day Moving Average of $0.23
Prophecy Development Corp (TSE:PCY) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.23 and traded as high as $0.38. Prophecy Development shares last traded at $0.37, with a volume of 371,588 shares trading hands.
The firm has a market cap of $34.49 million and a PE ratio of -3.29. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.21.
In other news, Director John Lee bought 137,198 shares of Prophecy Development stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average price of C$0.19 per share, with a total value of C$25,381.63. Following the completion of the purchase, the director now owns 13,804,615 shares in the company, valued at approximately C$2,553,853.78. In the last three months, insiders bought 194,198 shares of company stock worth $35,272 and sold 161,714 shares worth $38,541.
Prophecy Development Corp. engages in the acquisition, exploration, and development of mineral and energy projects. It holds a 100% interest in its operating primary vanadium mine, the Gibellini vanadium project, which is located in Eureka County, Nevada. The company also owns a 100% interest in the Titan vanadium-titanium-iron property located in Ontario, Canada; a 100% interest in the Ulaan Ovoo coal property located in Selenge province, Mongolia; and a 100% interest in the Chandgana Tal coal property and Khavtgai Uul coal property located in Khentii province, Mongolia.
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