Insider Buying: Goldstrike Resources (CVE:GSR) Director Purchases C$11,880.00 in Stock

Goldstrike Resources Ltd. (CVE:GSR) Director Anthony John Guy Dutton purchased 22,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of C$0.54 per share, for a total transaction of C$11,880.00. Following the completion of the acquisition, the director owned 787,200 shares in the company, valued at approximately C$425,088. This trade represents a 2.88% increase in their ownership of the stock.

Goldstrike Resources Stock Up 9.6%

Goldstrike Resources stock opened at C$0.57 on Friday. The stock has a market cap of C$65.47 million, a P/E ratio of -0.74 and a beta of 6.81. The company has a quick ratio of 15.03, a current ratio of 15.31 and a debt-to-equity ratio of 0.14. Goldstrike Resources Ltd. has a twelve month low of C$0.37 and a twelve month high of C$0.94. The company’s 50-day moving average price is C$0.57 and its two-hundred day moving average price is C$0.58.

Goldstrike Resources Company Profile

Goldstrike Resources Ltd. acquires, explores for, and develops mineral properties in Canada. The company explores for gold deposits. Its principal property is the Plateau North and Plateau South areas, which includes approximately 3,167 contiguous quartz claims covering an area of 662 square kilometers in Yukon Territory, Canada. The company was formerly known as AccelRate Power Systems Inc and changed its name to Goldstrike Resources Ltd. in June 2011. Goldstrike Resources Ltd. is headquartered in Vancouver, Canada.