Insider Buying: Comet Industries (CVE:CMU) Director Buys 2,000 Shares of Stock

Comet Industries Ltd. (CVE:CMU) Director Jesus Alfonso acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average cost of C$6.00 per share, for a total transaction of C$12,000.00. Following the completion of the acquisition, the director owned 215,800 shares in the company, valued at C$1,294,800. This represents a 0.94% increase in their position.

Comet Industries Price Performance

CVE:CMU traded up C$0.01 during mid-day trading on Thursday, reaching C$6.00. The stock had a trading volume of 2,000 shares, compared to its average volume of 4,469. The stock has a market capitalization of C$28.77 million, a P/E ratio of -50.00 and a beta of -0.36. The firm has a 50 day moving average price of C$5.98 and a two-hundred day moving average price of C$4.79. The company has a debt-to-equity ratio of 16.79, a quick ratio of 6.63 and a current ratio of 4.89. Comet Industries Ltd. has a one year low of C$3.40 and a one year high of C$6.35.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.