Slam Exploration (CVE:SXL) Insider Jimmy Gravel Purchases 500,000 Shares of Stock

Slam Exploration Ltd. (CVE:SXL) insider Jimmy Gravel bought 500,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average price of C$0.05 per share, for a total transaction of C$25,000.00. Following the completion of the transaction, the insider owned 7,466,000 shares in the company, valued at C$373,300. This represents a 7.18% increase in their position.

Jimmy Gravel also recently made the following trade(s):

• On Thursday, October 29th, Jimmy Gravel purchased 30,000 shares of Slam Exploration stock. The stock was acquired at an average cost of C$0.06 per share, with a total value of C$1,800.00.
• On Friday, October 9th, Jimmy Gravel purchased 40,000 shares of Slam Exploration stock. The stock was acquired at an average cost of C$0.07 per share, with a total value of C$2,800.00.

Slam Exploration Stock Down 18.2%

Shares of SXL opened at C$0.04 on Friday. The stock has a market cap of C$7.17 million, a price-to-earnings ratio of -8.00 and a beta of 1.79. The company has a quick ratio of 0.99, a current ratio of 0.28 and a debt-to-equity ratio of 0.68. Slam Exploration Ltd. has a 12 month low of C$0.04 and a 12 month high of C$0.13. The company has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

Slam Exploration Company Profile

Slam Exploration Ltd., a resource company, engages in the acquisition, exploration, and development of exploration and evaluation properties in Canada. It primarily explores for gold, silver, base metal, and rare earth metals. The company's flagship project is the Menneval gold project that consists of various mineral claims covering an area of 12,450 hectares situated in New Brunswick. The company also holds interest in Benjamin gold REE property; Birch Lake project; Eighteen Mile property; Jake Lee Gold property; McNair property; Mt.