Prophecy Development (TSE:PCY) Trading Up 10%

Prophecy Development Corp (TSE:PCY)’s share price was up 10% on Thursday . The company traded as high as C$0.22 and last traded at C$0.22, approximately 278,313 shares changed hands during mid-day trading. An increase of 46% from the average daily volume of 190,113 shares. The stock had previously closed at C$0.20.

The firm has a market capitalization of $23.95 million and a price-to-earnings ratio of -2.58. The stock’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.85 and a quick ratio of 0.77.

In related news, Director John Lee bought 137,198 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average cost of C$0.19 per share, for a total transaction of C$25,381.63. Following the purchase, the director now directly owns 13,804,615 shares in the company, valued at C$2,553,853.78. Over the last quarter, insiders have purchased 231,698 shares of company stock valued at $41,647.

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.