Torrent Capital (CVE:TORR) Director Buys C$39,875.00 in Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe acquired 72,500 shares of the company’s stock in a transaction on Friday, July 3rd. The shares were 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 of the company’s stock, valued at approximately C$5,492,391.85. The trade was a 0.73% increase in their ownership of the stock.

Torrent Capital Price Performance

Shares of TORR stock remained flat at C$0.55 during trading on Tuesday. 12,500 shares of the company were exchanged, compared to its average volume of 17,981. The company has a market capitalization of C$21.00 million, a P/E ratio of 9.17 and a beta of -0.11. The stock has a 50-day moving average price of C$0.50 and a 200-day moving average price of C$0.53. Torrent Capital Ltd. has a 12 month low of C$0.41 and a 12 month high of C$0.75.

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.