Insider Buying: Montero Mining and Exploration (CVE:MON) Director Purchases 363,637 Shares of Stock

Montero Mining and Exploration Ltd. (CVE:MON) Director Antony Harwood bought 363,637 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were acquired at an average cost of C$0.55 per share, for a total transaction of C$200,000.35. Following the purchase, the director owned 1,140,683 shares of the company’s stock, valued at approximately C$627,375.65. The trade was a 46.80% increase in their position.

Montero Mining and Exploration Trading Up 2.2%

MON stock traded up C$0.01 during trading on Friday, hitting C$0.46. The company had a trading volume of 29,590 shares, compared to its average volume of 19,072. Montero Mining and Exploration Ltd. has a 52-week low of C$0.34 and a 52-week high of C$0.88. The company has a 50 day simple moving average of C$0.59 and a 200-day simple moving average of C$0.59. The firm has a market capitalization of C$3.89 million, a P/E ratio of -3.54 and a beta of 3.00. The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64.

About Montero Mining and Exploration

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.