Insider Buying: Colonial Coal International Corp. (CVE:CAD) Insider Acquires 50,000 Shares of Stock
Colonial Coal International Corp. (CVE:CAD – Get Rating) insider Rosseau Asset Management Ltd. bought 50,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were bought at an average price of C$1.75 per share, with a total value of C$87,500.00. Following the completion of the transaction, the insider now owns 26,238,715 shares in the company, valued at approximately C$45,917,751.25.
Rosseau Asset Management Ltd. also recently made the following trade(s):
- On Thursday, May 5th, Rosseau Asset Management Ltd. bought 75,000 shares of Colonial Coal International stock. The shares were bought at an average price of C$1.64 per share, with a total value of C$123,007.50.
Shares of CVE:CAD traded up C$0.07 during trading on Friday, reaching C$1.83. 41,010 shares of the company traded hands, compared to its average volume of 104,905. The company’s 50 day moving average is C$1.77 and its two-hundred day moving average is C$2.20. The firm has a market capitalization of C$320.03 million and a PE ratio of -203.33. The company has a quick ratio of 24.52, a current ratio of 24.65 and a debt-to-equity ratio of 0.27. Colonial Coal International Corp. has a 52 week low of C$0.50 and a 52 week high of C$3.73.
About Colonial Coal International (Get Rating)
Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and development of coal properties in Canada. It owns a 100% interest in the Huguenot coal project, a coal project with seventeen licenses covering an area of approximately 9,531 hectares; and the Flatbed coal property with eight coal licenses covering approximately 9,607 hectares in the Liard Mining Division, northeastern British Columbia.
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