Sun Summit Minerals (CVE:SMN) Trading Up 12.9% – Still a Buy?

Sun Summit Minerals Corp. (CVE:SMN)’s stock price traded up 12.9% during trading on Thursday . The company traded as high as C$0.18 and last traded at C$0.18. 963,500 shares traded hands during trading, a decline of 18% from the average session volume of 1,180,778 shares. The stock had previously closed at C$0.16.

Sun Summit Minerals Price Performance

The company has a market cap of C$35.12 million, a PE ratio of -3.20 and a beta of 0.53. The firm has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.15.

Insiders Place Their Bets

In other Sun Summit Minerals news, Director Brian Lock sold 460,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of C$0.14, for a total value of C$64,400.00. Following the transaction, the director directly owned 1,409,300 shares in the company, valued at approximately C$197,302. This represents a 24.61% decrease in their position. Insiders own 8.82% of the company’s stock.

About Sun Summit Minerals

Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.