Shares of Prophecy Development Corp (TSE:PCY) fell 13.6% on Friday . The company traded as low as C$0.19 and last traded at C$0.19, 136,231 shares were traded during mid-day trading. A decline of 27% from the average session volume of 187,114 shares. The stock had previously closed at C$0.22.
The company has a debt-to-equity ratio of 1.19, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market capitalization of $19.06 million and a price-to-earnings ratio of -1.67. The business has a fifty day moving average price of C$0.19 and a two-hundred day moving average price of C$0.20.
In related news, Director John Lee bought 137,198 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were purchased at an average price of C$0.19 per share, for a total transaction of C$25,381.63. Following the completion of the purchase, the director now directly owns 13,804,615 shares of the company’s stock, valued at C$2,553,853.78. Insiders bought 231,698 shares of company stock worth $41,647 in the last 90 days.
About Prophecy Development (TSE:PCY)
Prophecy Development Corp. engages in the acquisition, exploration, and development of mineral and energy projects. It holds a 100% interest in its operating primary vanadium mine, the Gibellini vanadium project, which is located in Eureka County, Nevada. The company also owns a 100% interest in the Titan vanadium-titanium-iron property located in Ontario, Canada; a 100% interest in the Ulaan Ovoo coal property located in Selenge province, Mongolia; and a 100% interest in the Chandgana Tal coal property and Khavtgai Uul coal property located in Khentii province, Mongolia.
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