Moneta Gold Inc. (TSE:ME) Director Gary Vincent O’connor Acquires 116,666 Shares

Moneta Gold Inc. (TSE:MEGet Rating) Director Gary Vincent O’connor bought 116,666 shares of Moneta Gold stock in a transaction on Friday, October 28th. The stock was acquired at an average cost of C$0.66 per share, for a total transaction of C$76,999.56. Following the acquisition, the director now owns 8,731,985 shares in the company, valued at approximately C$5,763,110.10.

Moneta Gold Trading Down 2.0 %

TSE:ME traded down C$0.03 during trading hours on Friday, hitting C$1.46. 39,802 shares of the company were exchanged, compared to its average volume of 68,686. The stock has a market capitalization of C$148.94 million and a price-to-earnings ratio of -11.87. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11. Moneta Gold Inc. has a one year low of C$1.36 and a one year high of C$2.97. The company has a fifty day simple moving average of C$1.63 and a 200 day simple moving average of C$1.91.

Moneta Gold (TSE:MEGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported C($0.08) earnings per share for the quarter. Sell-side analysts expect that Moneta Gold Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ME has been the topic of a number of research analyst reports. Haywood Securities reaffirmed a “buy” rating and issued a C$3.00 target price on shares of Moneta Gold in a report on Wednesday, September 7th. Industrial Alliance Securities assumed coverage on Moneta Gold in a research note on Thursday, July 7th. They issued a “buy” rating and a C$4.70 price target for the company.

Moneta Gold Company Profile

(Get Rating)

Moneta Gold Inc operates as a resource exploration company in Canada. The company explores for gold deposits. Its flagship project is the Tower gold project located to the east of Timmins. The company was formerly known as Moneta Porcupine Mines Inc and changed its name to Moneta Gold Inc in August 2021.

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