Vernon Frolick Acquires 11,000 Shares of Cantex Mine Development Corp. (CD) Stock

Cantex Mine Development Corp. (CVE:CD) Director Vernon Frolick purchased 11,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of C$1.00 per share, with a total value of C$11,000.00. Following the acquisition, the director now directly owns 38,274 shares of the company’s stock, valued at approximately C$38,274.

Shares of Cantex Mine Development stock opened at C$1.33 on Wednesday. Cantex Mine Development Corp. has a 52 week low of C$0.15 and a 52 week high of C$1.33. The stock has a market capitalization of $27.94 million and a PE ratio of -16.22.

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About Cantex Mine Development

Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, the Republic of Yemen, and the United States. The company explores for gold, nickel, copper, cobalt, platinum, palladium, and rhodium deposits. Its primary project is located in the northwestern part of the Republic of Yemen, where it owns exploration licenses covering an area of approximately 1,583 square kilometers.

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