Insider Buying: Colonial Coal International Corp. (CVE:CAD) Insider Acquires 75,000 Shares of Stock

Colonial Coal International Corp. (CVE:CAD – Get Rating) insider Rosseau Asset Management Ltd. purchased 75,000 shares of Colonial Coal International stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of C$1.64 per share, with a total value of C$123,007.50. Following the completion of the transaction, the insider now owns 26,113,715 shares in the company, valued at approximately C$42,829,103.97.

Colonial Coal International stock traded down C$0.21 during trading hours on Monday, reaching C$1.60. The stock had a trading volume of 64,649 shares, compared to its average volume of 111,929. The company has a market capitalization of C$279.80 million and a P/E ratio of -201.11. The stock has a 50 day moving average of C$1.98. Colonial Coal International Corp. has a 52 week low of C$0.50 and a 52 week high of C$3.73. The company has a current ratio of 24.65, a quick ratio of 24.52 and a debt-to-equity ratio of 0.27.

Colonial Coal International Company Profile (Get Rating)

Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and development of coal properties in Canada. It owns a 100% interest in the Huguenot coal project, a coal project with seventeen licenses covering an area of approximately 9,531 hectares; and the Flatbed coal property with eight coal licenses covering approximately 9,607 hectares in the Liard Mining Division, northeastern British Columbia.

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