Regulus Resources (CVE:REG) Hits New 52-Week Low at $0.65

Regulus Resources Inc. (CVE:REGGet Rating)’s stock price reached a new 52-week low on Friday . The company traded as low as C$0.65 and last traded at C$0.69, with a volume of 122543 shares. The stock had previously closed at C$0.67.

Regulus Resources Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is C$0.84 and its two-hundred day simple moving average is C$0.85. The company has a market capitalization of C$70.28 million and a price-to-earnings ratio of -20.29.

Insiders Place Their Bets

In related news, Director John Ernest Black acquired 50,000 shares of Regulus Resources stock in a transaction on Friday, November 4th. The stock was bought at an average cost of C$0.75 per share, for a total transaction of C$37,500.00. Following the completion of the transaction, the director now owns 3,411,053 shares of the company’s stock, valued at approximately C$2,558,289.75. Over the last ninety days, insiders purchased 91,000 shares of company stock worth $66,565.

About Regulus Resources

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Regulus Resources Inc operates as a mineral exploration company. Its flagship project is the AntaKori copper-gold-silver project comprises 20 mineral concessions that cover an area of 438 hectares located in the Yanacocha-Hualgayoc mining district in the Department of Cajamarca, Northern Peru. Regulus Resources Inc was founded in 2010 and is headquartered in Vancouver, Canada.

Further Reading

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