Prophecy Development (TSE:PCY) Trading 3% Higher

Prophecy Development Corp (TSE:PCY) rose 3% during trading on Tuesday . The company traded as high as C$0.35 and last traded at C$0.34, approximately 45,317 shares changed hands during mid-day trading. A decline of 84% from the average daily volume of 283,395 shares. The stock had previously closed at C$0.33.

The company’s 50 day moving average is C$0.32 and its 200 day moving average is C$0.30. The company has a current ratio of 1.40, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $38.85 million and a price-to-earnings ratio of -2.86.

In related news, Director John Lee acquired 270,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was bought at an average price of C$0.30 per share, for a total transaction of C$79,650.00. Following the completion of the purchase, the director now directly owns 14,144,901 shares of the company’s stock, valued at approximately C$4,172,745.80.

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.