Insider Buying: Torrent Capital (CVE:TORR) Director Purchases C$39,875.00 in Stock

Torrent Capital Ltd. (CVE:TORR) Director Wade Dawe purchased 72,500 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The shares were purchased at an average cost of C$0.55 per share, for a total transaction of C$39,875.00. Following the completion of the transaction, the director directly owned 9,986,167 shares of the company’s stock, valued at C$5,492,391.85. This represents a 0.73% increase in their ownership of the stock.

Torrent Capital Price Performance

TORR stock remained flat at C$0.55 during trading on Tuesday. 12,500 shares of the company’s stock were exchanged, compared to its average volume of 17,981. Torrent Capital Ltd. has a twelve month low of C$0.41 and a twelve month high of C$0.75. The stock has a 50 day moving average price of C$0.50 and a 200 day moving average price of C$0.53. The stock has a market cap of C$21.00 million, a P/E ratio of 9.17 and a beta of -0.11.

About Torrent Capital

Torrent Capital Ltd. operates as an investment company, primarily invests in the securities of public and private companies. It also focuses on the construction of port infrastructure; and provision of services and equity ownership in businesses that support aquaculture, renewable energy, and oil and gas sectors, as well as other port developments. The company was formerly known as Metallum Resources Inc and changed its name to Torrent Capital Ltd. in February 2017. Torrent Capital Ltd. is based in Halifax, Canada.