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

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

Torrent Capital Price Performance

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

Insider Buying and Selling

In other Torrent Capital news, Director Wade K. Dawe bought 61,500 shares of the business’s stock in a transaction on Friday, January 9th. The shares were acquired at an average price of C$0.56 per share, with a total value of C$34,440.00. Following the transaction, the director owned 9,747,167 shares of the company’s stock, valued at approximately C$5,458,413.52. This trade represents a 0.63% increase in their position. Over the last quarter, insiders have bought 78,000 shares of company stock worth $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.