Prophecy Development (TSE:PCY) Shares Down 13.6%

Prophecy Development Corp (TSE:PCY)’s share price traded down 13.6% during mid-day trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.19, 136,231 shares traded hands during mid-day trading. A decline of 27% from the average session volume of 187,114 shares. The stock had previously closed at C$0.22.

The firm has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.21. The stock has a market capitalization of $20.60 million and a PE ratio of -1.67. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.77 and a current ratio of 0.85.

In other Prophecy Development news, Director John Lee acquired 137,198 shares of Prophecy Development stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average cost of C$0.19 per share, with a total value of C$25,381.63. Following the purchase, the director now owns 13,804,615 shares in the company, valued at C$2,553,853.78. Over the last three months, insiders purchased 231,698 shares of company stock valued at $41,647.

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.

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