Shares of Sun Summit Minerals Corp. (CVE:SMN – Get Free Report) rose 12.5% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 366,700 shares traded hands during trading, a decline of 66% from the average daily volume of 1,064,832 shares. The stock had previously closed at C$0.12.
Sun Summit Minerals Trading Up 8.3%
The business’s fifty day moving average is C$0.14 and its 200 day moving average is C$0.15. The company has a market cap of C$28.53 million, a P/E ratio of -2.60 and a beta of 0.53.
Insider Activity at Sun Summit Minerals
In other news, Director Brian Lock sold 460,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$0.14, for a total transaction of C$64,400.00. Following the transaction, the director owned 1,409,300 shares of the company’s stock, valued at C$197,302. This represents a 24.61% decrease in their position. 8.82% of the stock is owned by corporate insiders.
About Sun Summit Minerals
Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.
See Also
Receive News & Ratings for Sun Summit Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Summit Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
