Ghislain Poirier Acquires 20,000 Shares of Stornoway Diamond Co. (SWY) Stock

Stornoway Diamond Co. (TSE:SWY) insider Ghislain Poirier purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of C$0.61 per share, with a total value of C$12,200.00.

Shares of Stornoway Diamond Co. (TSE SWY) traded up C$0.02 during trading hours on Wednesday, hitting C$0.62. The company’s stock had a trading volume of 268,776 shares, compared to its average volume of 462,392. Stornoway Diamond Co. has a fifty-two week low of C$0.60 and a fifty-two week high of C$1.13.

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SWY has been the subject of several recent research reports. TD Securities dropped their price target on Stornoway Diamond from C$0.90 to C$0.85 and set a “hold” rating for the company in a research report on Tuesday, August 15th. BMO Capital Markets dropped their price target on Stornoway Diamond from C$1.25 to C$0.80 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada lowered Stornoway Diamond from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from C$0.90 to C$0.60 in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$1.01.

About Stornoway Diamond

Stornoway Diamond Corp is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.

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