Macarthur Minerals Limited (CVE:MMS) shares fell 6.7% during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07, 269,350 shares changed hands during mid-day trading. A decline of 69% from the average session volume of 860,846 shares. The stock had previously closed at C$0.08.
The firm has a fifty day moving average price of C$0.09. The stock has a market cap of $22.91 million and a PE ratio of -5.00.
In other news, Director Earl Evans sold 363,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$0.09, for a total value of C$32,670.00. Following the transaction, the director now directly owns 950,000 shares in the company, valued at approximately C$85,500. Over the last 90 days, insiders sold 1,063,000 shares of company stock worth $93,670.
Macarthur Minerals Limited engages in the exploration and evaluation mineral resource properties in Australia and Nevada. It primarily explores for gold, lithium, iron ore, nickel, and cobalt deposits. The company holds 100% interests in three iron ore projects in the Yilgarn region of Western Australia; various project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, and hard rock lithium; and lithium brine interests in the Railroad Valley, Nevada.
Further Reading: Market Capitalization and Individual Investors
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