Insider Buying: Slam Exploration Ltd. (CVE:SXL) Insider Acquires 1,023,000 Shares of Stock

Slam Exploration Ltd. (CVE:SXL) insider Bruce Macdonald acquired 1,023,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of C$0.02 per share, for a total transaction of C$20,460.00.

Slam Exploration Stock Performance

SXL opened at C$0.02 on Friday. The firm has a market capitalization of C$1.78 million, a P/E ratio of -2.00 and a beta of 1.95. The firm’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.03. Slam Exploration Ltd. has a 52-week low of C$0.02 and a 52-week high of C$0.06. The company has a quick ratio of 0.99, a current ratio of 0.28 and a debt-to-equity ratio of 0.68.

About Slam Exploration

Slam Exploration Ltd., a resource company, engages in the acquisition, exploration, and development of exploration and evaluation properties in Canada. It primarily explores for gold, silver, base metal, and rare earth metals. The company's flagship project is the Menneval gold project that consists of various mineral claims covering an area of 12,450 hectares situated in New Brunswick.