Torrent Capital (CVE:TORR) Trading 18% Higher – Here’s What Happened

Torrent Capital Ltd. (CVE:TORRGet Free Report) was up 18% on Tuesday . The company traded as high as C$0.59 and last traded at C$0.59. 12,500 shares changed hands during trading, a decline of 31% from the average daily volume of 18,248 shares. The stock had previously closed at C$0.50.

Torrent Capital Stock Performance

The stock’s 50-day simple moving average is C$0.51 and its 200-day simple moving average is C$0.52. The stock has a market cap of C$21.76 million, a price-to-earnings ratio of 9.50 and a beta of -0.11.

Insider Activity at Torrent Capital

In other news, Director Wade K. Dawe purchased 72,500 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was bought at an average price of C$0.55 per share, with a total value of C$39,875.00. Following the acquisition, the director owned 9,986,167 shares in the company, valued at approximately C$5,492,391.85. The trade was a 0.73% increase in their position. In the last ninety days, insiders have purchased 158,000 shares of company stock valued at $84,580. 60.95% of the stock is currently owned by insiders.

Torrent Capital Company Profile

(Get Free Report)

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.

Further Reading

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