Slam Exploration (CVE:SXL) Insider Purchases C$25,000.00 in Stock

Slam Exploration Ltd. (CVE:SXL) insider Jimmy Gravel purchased 500,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was bought at an average cost of C$0.05 per share, for a total transaction of C$25,000.00. Following the completion of the purchase, the insider directly owned 7,466,000 shares in the company, valued at approximately C$373,300. This trade represents a 7.18% increase in their ownership of the stock.

Jimmy Gravel also recently made the following trade(s):

• On Thursday, October 29th, Jimmy Gravel acquired 30,000 shares of Slam Exploration stock. The stock was bought at an average price of C$0.06 per share, with a total value of C$1,800.00.
• On Friday, October 9th, Jimmy Gravel acquired 40,000 shares of Slam Exploration stock. The shares were bought at an average cost of C$0.07 per share, with a total value of C$2,800.00.

Slam Exploration Trading Down 18.2%

Shares of CVE:SXL traded down C$0.01 during trading on Thursday, reaching C$0.04. 2,092,000 shares of the company traded hands, compared to its average volume of 91,260. The company has a current ratio of 0.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. Slam Exploration Ltd. has a 52-week low of C$0.04 and a 52-week high of C$0.13. The firm has a market capitalization of C$7.17 million, a price-to-earnings ratio of -8.00 and a beta of 2.27. The business’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.07.

Slam Exploration Company Profile

Slam Exploration Ltd., a resource company, engages in the acquisition, exploration, and development of exploration and evaluation properties in Canada. It primarily explores for gold, silver, base metal, and rare earth metals. The company's flagship project is the Menneval gold project that consists of various mineral claims covering an area of 12,450 hectares situated in New Brunswick. The company also holds interest in Benjamin gold REE property; Birch Lake project; Eighteen Mile property; Jake Lee Gold property; McNair property; Mt.