Torrent Capital (CVE:TORR) Director Acquires C$34,440.00 in Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe purchased 61,500 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was bought at an average price of C$0.56 per share, with a total value of C$34,440.00. Following the transaction, the director directly owned 9,747,167 shares in the company, valued at C$5,458,413.52. This trade represents a 0.63% increase in their ownership of the stock.

Torrent Capital Stock Performance

TORR traded down C$0.10 during trading on Wednesday, reaching C$0.60. The company had a trading volume of 96,500 shares, compared to its average volume of 26,359. The firm’s 50-day simple moving average is C$0.58 and its 200 day simple moving average is C$0.60. The company has a market cap of C$22.85 million, a price-to-earnings ratio of 2.61 and a beta of 0.26. Torrent Capital Ltd. has a 12-month low of C$0.35 and a 12-month high of C$0.85.

About Torrent Capital

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.