Prophecy Development (TSE:PCY) Shares Pass Below 50-Day Moving Average of $0.36

Prophecy Development Corp (TSE:PCY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.36 and traded as low as $0.35. Prophecy Development shares last traded at $0.36, with a volume of 329,375 shares.

The stock’s fifty day moving average price is C$0.36 and its 200 day moving average price is C$0.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 1.22. The stock has a market capitalization of $52.20 million and a P/E ratio of -3.03.

In other news, Director John Lee sold 421,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$0.32, for a total value of C$132,615.00. Following the transaction, the director now directly owns 13,723,901 shares in the company, valued at C$4,323,028.82.

Prophecy Development Company Profile (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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