Plateau Uranium (PLU) Reaches New 12-Month High After Insider Buying Activity
Plateau Uranium Inc (CVE:PLU)’s share price hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as C$0.96 and last traded at C$0.96, with a volume of 328381 shares changing hands. The stock had previously closed at C$0.92.
Specifically, insider Thomas Peter Max Relling purchased 60,000 shares of Plateau Uranium stock in a transaction dated Monday, January 22nd. The shares were bought at an average cost of C$0.79 per share, for a total transaction of C$47,400.00. Also, insider Robert Disbrow purchased 50,000 shares of Plateau Uranium stock in a transaction dated Thursday, January 25th. The stock was acquired at an average price of C$0.90 per share, for a total transaction of C$45,000.00. Over the last 90 days, insiders bought 325,000 shares of company stock worth $265,570 and sold 248,458 shares worth $126,544.
The firm has a market cap of $59.09, a PE ratio of -10.33 and a beta of 0.97.
Plateau Uranium Company Profile
Plateau Uranium Inc, a junior resource company, explores and develops mineral resource properties in Peru. The company explores for uranium. It holds interest in 149 mining concessions covering approximately 91,000 hectares on the Macusani Plateau in southeastern Peru. The company was formerly known as Macusani Yellowcake Inc and changed its name to Plateau Uranium Inc in April 2015.
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