Honey Badger Silver (CVE:TUF) Shares Up 16.7% – Here’s Why

Shares of Honey Badger Silver Inc. (CVE:TUF) shot up 16.7% during trading on Thursday . The company traded as high as C$0.14 and last traded at C$0.14. 130,000 shares traded hands during mid-day trading, an increase of 121% from the average session volume of 58,736 shares. The stock had previously closed at C$0.12.

Honey Badger Silver Price Performance

The business’s 50-day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.11. The stock has a market cap of C$9.05 million, a price-to-earnings ratio of -4.47 and a beta of 2.06.

Insider Activity

In related news, Senior Officer Chad Williams bought 600,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were acquired at an average cost of C$0.13 per share, with a total value of C$78,000.00. 39.55% of the stock is owned by company insiders.

About Honey Badger Silver

Honey Badger Silver Inc acquires, explores for, and develops mineral properties. It primarily explores for silver, cobalt, gold, zinc, and lead deposits. The company holds a 100% interest in the Clear Lake deposit that comprises 121 contiguous claims covering an area of approximately 2,500 hectares located in the Whitehorse Mining District of the Yukon; and Nanisivik project that covering an area of approximately 5,723 hectares located in Nunavut.