Sparton Resources (SRI) Trading Down 11.1% on Insider Selling
Date: Nov 7, 2018
Shares of Sparton Resources Inc. (CVE:SRI) were down 11.1% on Monday following insider selling activity. The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 82,585 shares changed hands during trading, a decline of 58% from the average daily volume of 198,460 shares. The stock had previously closed at C$0.09.
Specifically, insider Yongbiao Ding sold 500,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of C$0.10, for a total transaction of C$50,000.00. In the last 90 days, insiders have sold 630,000 shares of company stock worth $63,700.
