Insider Buying: Slam Exploration Ltd. (CVE:SXL) Insider Acquires 1,000,000 Shares of Stock

Slam Exploration Ltd. (CVE:SXL) insider Bruce Macdonald purchased 1,000,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of C$0.03 per share, for a total transaction of C$25,000.00.

Bruce Macdonald also recently made the following trade(s):

• On Wednesday, February 26th, Bruce Macdonald bought 959,000 shares of Slam Exploration stock. The stock was purchased at an average cost of C$0.03 per share, for a total transaction of C$23,975.00.
• On Friday, February 21st, Bruce Macdonald purchased 1,023,000 shares of Slam Exploration stock. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$20,460.00.

Slam Exploration Price Performance

Shares of SXL traded up C$0.01 during mid-day trading on Friday, reaching C$0.03. 1,111,400 shares of the company’s stock were exchanged, compared to its average volume of 375,051. Slam Exploration Ltd. has a 52-week low of C$0.02 and a 52-week high of C$0.06. The company has a quick ratio of 0.99, a current ratio of 0.28 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market cap of C$2.23 million, a price-to-earnings ratio of -2.50 and a beta of 1.95.

Slam Exploration Company Profile

Slam Exploration Ltd., a resource company, engages in the acquisition, exploration, and development of exploration and evaluation properties in Canada. It primarily explores for gold, silver, base metal, and rare earth metals. The company's flagship project is the Menneval gold project that consists of various mineral claims covering an area of 12,450 hectares situated in New Brunswick.