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

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe purchased 52,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of C$0.51 per share, for a total transaction of C$26,520.00. Following the completion of the acquisition, the director owned 9,881,667 shares in the company, valued at C$5,039,650.17. This represents a 0.53% increase in their ownership of the stock.

Torrent Capital Price Performance

CVE:TORR traded up C$0.13 during trading hours on Monday, reaching C$0.64. The company’s stock had a trading volume of 58,000 shares, compared to its average volume of 16,006. The company has a market cap of C$24.44 million, a price-to-earnings ratio of 10.67 and a beta of -0.15. Torrent Capital Ltd. has a one year low of C$0.41 and a one year high of C$0.75. The business’s 50-day moving average is C$0.51 and its 200-day moving average is 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.