Insider Sells $70,000.00 Trevali Mining Corp. Shares

Insider Sells $70,000.00 Trevali Mining Corp Shares

On Thursday, September 28th, Anna Man-Yue Ladd, a Trevali Mining Corp. (TSXV:TV)  insider, sold 50,000 shares of stock in the mining company. The shares sold for a total value of C$70,000.00 at an average price of C$1.40 per share. Ladd also sold 100,000 shares of stock on September 1st, for an average price of C$1.51 and a total value of C$151,000.00.

Trevali Mining Corp is a Canadian natural resource company that is engaged in the acquisition, exploration, development and production of mineral properties. The company operates in four properties in Canada, a property in Peru, and an option on a second property in Peru.

On Friday, shares of Trevali Mining Corp reached $1.41, trading down 0.70% on a trading volume of 1,619,441 shares. The company has a market cap of $569.84 million. They have 50 and 200 day moving averages of $1.39 and $1.26, respectively. The company has a current 52 week high of $1.60 and a 52 week low of $0.91. Their price-to-earnings ratio if 48.62.

Multiple brokerages recently weighed in on the stock as well:

  • TD Securities: On June 2nd, TD Securities began covering the stock with a rating of ‘Buy’ and a target price of C$1.90.
  • Raymond James Financial, Inc (NYSE:$RJF) : On September 12th, Raymond James Financial gave the company an ‘Outperform’ rating and increased their target price from C$1.80 to C$2.00.
  • Scotiabank: On September 12th, Scotiabank restated an ‘Outperform’ rating and set a target price of C$2.00.
  • BMO Capital Markets: On September 14th, BMO Capital Markets gave the stock an ‘Outperform’ rating and increased their target price from C$2.00 to C$2.10.

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About the author: Dylan is a content writer and editor located in Vancouver, British Columbia. He graduated from the University of Regina with BA degrees in both Journalism and History in 2016. His skills include writing, blogging, editing, and developing content for both print and internet media.