Armor Minerals (A) Sets New 12-Month Low Following Insider Selling
Armor Minerals Inc (CVE:A) hit a new 52-week low on Friday after an insider sold shares in the company. The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 121200 shares trading hands. The stock had previously closed at C$0.36.
Specifically, Director Robert Pirooz Pirooz sold 70,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of C$0.41, for a total value of C$28,700.00.
About Armor Minerals (CVE:A)
Armor Minerals Inc engages in the acquisition and exploration of mineral properties in Canada and the United States. The company was formerly known as Rio Cristal Resources Corporation and changed its name to Armor Minerals Inc in May 2015. Armor Minerals Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.
Further Reading: Short Selling Stocks, A Beginner’s Guide
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