Shares of FYI Resources Ltd (ASX:FYI) shot up 11.5% on Friday . The company traded as high as A$0.06 ($0.04) and last traded at A$0.06 ($0.04), 475,849 shares traded hands during mid-day trading. A decline of 36% from the average session volume of 740,215 shares. The stock had previously closed at A$0.05 ($0.04).
The firm’s fifty day simple moving average is A$0.06. The firm has a market capitalization of $11.40 million and a PE ratio of -5.27.
In related news, insider David Sargeant purchased 484,444 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of A$0.06 ($0.04) per share, with a total value of A$29,066.64 ($20,614.64). Over the last three months, insiders bought 855,291 shares of company stock valued at $51,201.
FYI Resources Company Profile (ASX:FYI)
FYI Resources Limited explores for and develops mineral properties in Australia and south-east Asia. The company holds interest in the Cadoux kaolin deposit, a high purity alumina project in Western Australia. It also owns potash concessions in Laos and Thailand. The company was formerly known as Freedom Eye Limited.
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