Balmoral Resources (TSE:BAR) Trading 9.1% Higher

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Balmoral Resources Ltd (TSE:BAR) traded up 9.1% on Thursday . The company traded as high as C$0.37 and last traded at C$0.36, 358,612 shares changed hands during mid-day trading. An increase of 10% from the average session volume of 325,940 shares. The stock had previously closed at C$0.33.

The company has a debt-to-equity ratio of 1.06, a quick ratio of 4.74 and a current ratio of 4.88. The firm has a market capitalization of $58.67 million and a P/E ratio of -26.43. The stock has a fifty day moving average price of C$0.38 and a two-hundred day moving average price of C$0.25.

In other news, Director Darin Wagner sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$0.38, for a total value of C$30,400.00. Following the completion of the sale, the director now directly owns 3,035,135 shares in the company, valued at approximately C$1,153,351.30.

About Balmoral Resources (TSE:BAR)

Balmoral Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, platinum, and palladium deposits. Its principal project is the Detour Trend gold project located in Quebec.

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