Regulus Resources (CVE:REG) Stock Price Down 7.1%

Regulus Resources Inc. (CVE:REGGet Rating)’s share price dropped 7.1% during mid-day trading on Tuesday . The stock traded as low as C$0.92 and last traded at C$0.92. Approximately 20,821 shares changed hands during trading, a decline of 41% from the average daily volume of 35,112 shares. The stock had previously closed at C$0.99.

Regulus Resources Trading Down 7.1 %

The firm has a market capitalization of C$93.70 million and a price-to-earnings ratio of -27.06. The business’s 50-day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.82. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling at Regulus Resources

In related news, Director John Ernest Black purchased 50,000 shares of the company’s stock in a transaction on Friday, November 4th. The stock was acquired at an average cost of C$0.75 per share, for a total transaction of C$37,500.00. Following the completion of the transaction, the director now directly owns 3,411,053 shares in the company, valued at C$2,558,289.75.

About Regulus Resources

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Regulus Resources Inc operates as a mineral exploration company. Its flagship project is the AntaKori copper-gold-silver project comprises 20 mineral concessions that cover an area of 438 hectares located in the Yanacocha-Hualgayoc mining district in the Department of Cajamarca, Northern Peru. Regulus Resources Inc was founded in 2010 and is headquartered in Vancouver, Canada.

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