Premium Nickel Resources (CVE:PNRL) Stock Price Up 30.6%

Premium Nickel Resources Ltd. (CVE:PNRL) traded up 30.6% on Friday . The stock traded as high as 0.64 and last traded at 0.64. 661,195 shares traded hands during mid-day trading, an increase of 155% from the average session volume of 259,799 shares. The stock had previously closed at 0.49.

Premium Nickel Resources Stock Up 26.5 %

The firm has a fifty day moving average of 0.75 and a 200-day moving average of 0.84. The company has a quick ratio of 3.04, a current ratio of 5.53 and a debt-to-equity ratio of 106.86. The firm has a market cap of $115.14 million, a P/E ratio of -4.08 and a beta of 1.78.

Insider Transactions at Premium Nickel Resources

In other news, Director David Newman acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was bought at an average price of 0.86 per share, with a total value of 25,890.00. Insiders have purchased a total of 48,000 shares of company stock worth $35,070 in the last 90 days. Corporate insiders own 14.08% of the company’s stock.

About Premium Nickel Resources

Premium Nickel Resources Ltd., through its subsidiaries, engages in acquisition, exploration, and evaluation of mineral properties in Botswana, Greenland, and Canada. It primarily explores for nickel, copper, cobalt, and platinum group metals deposits. The company is headquartered in Toronto, Canada.