Insider Buying: Comet Industries (CVE:CMU) Director Buys C$12,000.00 in Stock

Comet Industries Ltd. (CVE:CMU) Director Jesus Alfonso acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average cost of C$6.00 per share, with a total value of C$12,000.00. Following the purchase, the director owned 215,800 shares in the company, valued at C$1,294,800. This represents a 0.94% increase in their position.

Comet Industries Stock Performance

CMU opened at C$6.00 on Friday. The company has a debt-to-equity ratio of 16.79, a current ratio of 4.89 and a quick ratio of 6.63. The company’s 50 day simple moving average is C$5.97 and its two-hundred day simple moving average is C$4.81. Comet Industries Ltd. has a 1-year low of C$3.40 and a 1-year high of C$6.35. The firm has a market capitalization of C$28.77 million, a price-to-earnings ratio of -50.00 and a beta of -0.36.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.