Insider Selling: Cantex Mine Development Corp. (CVE:CD) Director Sells 5,500 Shares of Stock

Cantex Mine Development Corp. (CVE:CD) Director Vernon Frolick sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$6.25, for a total transaction of C$34,383.80. Following the completion of the sale, the director now owns 115,240 shares in the company, valued at C$720,434.38.

Shares of Cantex Mine Development stock traded up C$0.05 during trading hours on Monday, reaching C$6.35. The company’s stock had a trading volume of 39,255 shares, compared to its average volume of 61,379. The business’s 50 day simple moving average is C$5.04. Cantex Mine Development Corp. has a one year low of C$0.18 and a one year high of C$6.60. The company has a debt-to-equity ratio of 38.42, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market cap of $805.65 million and a PE ratio of -53.36.

About Cantex Mine Development

Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, the Republic of Yemen, and the United States. The company explores for gold, nickel, copper, cobalt, platinum, palladium, and rhodium deposits. Its primary project is located in the northwestern part of the Republic of Yemen, where it owns exploration licenses covering an area of approximately 1,583 square kilometers.

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Insider Buying and Selling by Quarter for Cantex Mine Development (CVE:CD)

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