Founders Metals (CVE:FDR) Director Acquires C$100,500.00 in Stock

Founders Metals Inc. (CVE:FDR) Director Vijay Kirpalani acquired 25,000 shares of Founders Metals stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of C$4.02 per share, for a total transaction of C$100,500.00. Following the purchase, the director directly owned 760,000 shares of the company’s stock, valued at approximately C$3,055,200. This trade represents a 3.40% increase in their position.

Vijay Kirpalani also recently made the following trade(s):

• On Tuesday, September 15th, Vijay Kirpalani acquired 20,000 shares of Founders Metals stock. The shares were acquired at an average price of C$4.22 per share, for a total transaction of C$84,400.00.

Founders Metals Trading Up 2.2%

Shares of CVE:FDR opened at C$6.95 on Thursday. The stock’s 50-day moving average price is C$5.36 and its two-hundred day moving average price is C$4.80. Founders Metals Inc. has a 12-month low of C$3.15 and a 12-month high of C$6.95. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -63.18 and a beta of 2.20.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price objective on Founders Metals from C$8.00 to C$9.00 in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$9.00.