Fancamp Exploration (CVE:FNC) Reaches New 12-Month High – Should You Buy?

Fancamp Exploration Ltd. (CVE:FNC)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 27000 shares traded. The stock had previously closed at C$0.08.

Fancamp Exploration Price Performance

The company has a market cap of C$20.48 million, a price-to-earnings ratio of 3.53 and a beta of 1.36. The firm has a fifty day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07.

Insiders Place Their Bets

In related news, Director Leonard Francis Macdonald bought 631,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of C$0.07 per share, with a total value of C$41,015.00. Insiders bought a total of 1,365,000 shares of company stock valued at $85,055 in the last quarter. Insiders own 31.14% of the company’s stock.

Fancamp Exploration Company Profile

Fancamp Exploration Ltd. engages in the exploration and development of mineral properties. It explores for gold; strategic rare earth and base metals; and chromium, zinc, titanium, and iron ore deposits. The company owns various mineral resource properties in Quebec, Ontario, and New Brunswick, Canada.