Insider Buying: Torrent Capital (CVE:TORR) Director Acquires C$26,520.00 in Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe acquired 52,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of C$0.51 per share, with a total value of C$26,520.00. Following the completion of the acquisition, the director owned 9,881,667 shares in the company, valued at approximately C$5,039,650.17. The trade was a 0.53% increase in their ownership of the stock.

Torrent Capital Price Performance

TORR stock opened at C$0.54 on Thursday. The company has a market cap of C$20.62 million, a price-to-earnings ratio of 9.00 and a beta of -0.15. The business has a fifty day simple moving average of C$0.51 and a 200-day simple moving average of C$0.54. Torrent Capital Ltd. has a 52 week low of C$0.41 and a 52 week high of C$0.75.

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.