5N Plus Inc (VNP) Shares Up 5.2%
5N Plus Inc (TSE:VNP) shares shot up 5.2% during mid-day trading on Friday . The stock traded as high as C$3.26 and last traded at C$3.25. 52,305 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 45,767 shares. The stock had previously closed at C$3.09.
Separately, National Bank Financial raised 5N Plus from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$3.40 to C$3.75 in a research report on Thursday, August 3rd.
The stock has a 50-day moving average of $3.29 and a 200 day moving average of $2.72. The stock has a market capitalization of $271.52 million and a PE ratio of 81.25.
In other news, insider Richard Perron sold 34,600 shares of 5N Plus stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of C$3.40, for a total transaction of C$117,640.00. Also, Director Prohon Nathalie Le purchased 9,100 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of C$3.25 per share, with a total value of C$29,575.00. Insiders have sold 347,000 shares of company stock valued at $1,136,472 in the last ninety days.
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About 5N Plus
5N Plus Inc (5N Plus) is a Canada-based producer of specialty metal and chemical products used in a number of pharmaceutical, electronic and industrial applications. The Company operates in two business segments: Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds and alloys, which are primarily used in a range of electronic applications.
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