Starr Peak Mining (CVE:STE) Trading Up 5% – Here’s Why

Starr Peak Mining Ltd. (CVE:STE) traded up 5% on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. 36,500 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 36,666 shares. The stock had previously closed at C$0.30.

Starr Peak Mining Stock Performance

The company’s 50 day moving average price is C$0.32 and its 200-day moving average price is C$0.36. The company has a market cap of C$18.17 million, a price-to-earnings ratio of -15.75 and a beta of 1.34.

Insider Activity

In related news, Director Johnathan More acquired 227,500 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of C$0.35 per share, for a total transaction of C$79,625.00. Following the transaction, the director owned 277,500 shares of the company’s stock, valued at approximately C$97,125. The trade was a 455.00% increase in their ownership of the stock. Corporate insiders own 0.81% of the company’s stock.

Starr Peak Mining Company Profile

Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Canada. The company explores for gold. It holds a 100% interest in NewMetal Property located in the Abitibi Greenstone Belt of Quebec; the Rousseau Gold Property located in Canada; and the Turgeon Lake Gold Property located in the east of the Rousseau Gold Property. The company was formerly known as Starr Peak Exploration Ltd. and changed its name to Starr Peak Mining Ltd.