Insider Selling: Prophecy Development Corp (TSE:PCY) Director Sells 421,000 Shares of Stock

Prophecy Development Corp (TSE:PCY) Director John Lee sold 421,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$0.32, for a total value of C$132,615.00. Following the completion of the sale, the director now owns 13,723,901 shares of the company’s stock, valued at C$4,323,028.82.

On Monday, December 2nd, John Lee purchased 270,000 shares of Prophecy Development stock. The shares were purchased at an average cost of C$0.30 per share, for a total transaction of C$79,650.00.

On Monday, November 11th, John Lee purchased 165,000 shares of Prophecy Development stock. The shares were purchased at an average price of C$0.37 per share, for a total transaction of C$61,050.00.

Shares of PCY stock traded up C$0.01 on Wednesday, hitting C$0.34. The stock had a trading volume of 45,300 shares, compared to its average volume of 283,395. The company has a quick ratio of 1.22, a current ratio of 1.40 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of C$0.32 and a 200 day moving average price of C$0.30. The company has a market cap of $38.85 million and a PE ratio of -2.86. Prophecy Development Corp has a one year low of C$0.15 and a one year high of C$0.55.

About Prophecy Development

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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