5N Plus (VNP) Trading Up 1.1%

Shares of 5N Plus Inc (TSE:VNP) were up 1.1% during mid-day trading on Friday . The stock traded as high as C$2.84 and last traded at C$2.79. Approximately 187,418 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 98,029 shares. The stock had previously closed at C$2.76.

Separately, Desjardins restated a “buy” rating and issued a C$4.00 price target on shares of 5N Plus in a research report on Friday, February 16th.

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The stock has a market cap of $227.43, a PE ratio of 18.40 and a beta of -0.89.

In other news, insider Québec Investissement sold 8,626,613 shares of 5N Plus stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$2.60, for a total transaction of C$22,429,193.80.

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About 5N Plus

5N Plus Inc (5N Plus) is a Canada-based producer of specialty metal and chemical products used in a number of pharmaceutical, electronic and industrial applications. The Company operates in two business segments: Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds and alloys, which are primarily used in a range of electronic applications.

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