Torrent Capital (CVE:TORR) Trading Up 1.8% – Still a Buy?

Torrent Capital Ltd. (CVE:TORR) traded up 1.8% on Thursday . The company traded as high as C$0.59 and last traded at C$0.58. 17,000 shares were traded during mid-day trading, a decline of 7% from the average session volume of 18,269 shares. The stock had previously closed at C$0.57.

Torrent Capital Stock Performance

The stock has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.52. The stock has a market cap of C$22.14 million, a P/E ratio of 9.67 and a beta of -0.10.

Insider Buying and Selling at Torrent Capital

In other news, Director Wade K. Dawe acquired 72,500 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was acquired at an average cost of C$0.55 per share, for a total transaction of C$39,875.00. Following the completion of the acquisition, the director owned 9,986,167 shares in the company, valued at C$5,492,391.85. This represents a 0.73% increase in their ownership of the stock. Insiders bought 158,000 shares of company stock worth $84,580 over the last ninety days. 60.95% of the stock is owned by corporate insiders.

Torrent Capital Company Profile

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.