Trevali Mining Corp (TV) Shares Down 4.7% on Insider Selling
Trevali Mining Corp (TSE:TV)’s share price fell 4.7% on Friday following insider selling activity. The stock traded as low as C$1.40 and last traded at C$1.43. 2,113,813 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 2,435,730 shares. The stock had previously closed at C$1.50.
Specifically, insider Anna Man-Yue Ladd sold 100,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of C$1.51, for a total transaction of C$151,000.00.
Several research firms recently weighed in on TV. Scotiabank set a C$2.25 target price on shares of Trevali Mining Corp and gave the company an “outperform” rating in a research note on Wednesday, May 17th. TD Securities started coverage on shares of Trevali Mining Corp in a research note on Friday, June 2nd. They issued a “buy” rating and a C$1.90 price objective for the company.
The firm has a market capitalization of $581.96 million and a price-to-earnings ratio of 49.66. The company has a 50-day moving average price of $1.37 and a 200 day moving average price of $1.26.
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About Trevali Mining Corp
Trevali Mining Corporation is a Canada-based natural resource company. The Company is engaged in the acquisition, exploration, development and production from mineral properties. The Company holds approximately four properties in Canada and has an interest in a property in Peru with an option on a second Peruvian property.
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