Aberdeen International (TSE:AAB) Trading 11.1% Higher on Insider Buying Activity

Shares of Aberdeen International Inc. (TSE:AAB) traded up 11.1% on Monday after an insider bought additional shares in the company. The stock traded as high as C$0.05 and last traded at C$0.05. 30,901 shares traded hands during trading, a decline of 78% from the average session volume of 141,713 shares. The stock had previously closed at C$0.05.

Specifically, insider Stan Bharti acquired 780,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was bought at an average cost of C$0.05 per share, with a total value of C$39,000.00. Insiders have bought 1,177,000 shares of company stock valued at $56,135 in the last 90 days. Insiders own 13.25% of the company’s stock.

Aberdeen International Stock Performance

The firm has a market capitalization of C$7.24 million, a PE ratio of -0.42 and a beta of 1.90. The company has a quick ratio of 22.09, a current ratio of 7.74 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03.

Aberdeen International (TSE:AAB) last announced its earnings results on Friday, April 26th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C($5.01) million for the quarter.

Aberdeen International Company Profile

Aberdeen International Inc, a resource investment and merchant banking company, focuses on small capitalization companies in the rare metals and renewal energy sectors. The company intends to acquire equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued resources and assets; companies in need of managerial, technical, and financial resources; companies undervalued in foreign capital markets; and companies operating in jurisdictions with low to moderate local political risk.