Wilton Resources (CVE:WIL) Stock Price Down 3.1% – Here’s Why

Wilton Resources Inc. (CVE:WIL)’s share price dropped 3.1% during mid-day trading on Thursday . The company traded as low as C$0.62 and last traded at C$0.62. Approximately 3,500 shares changed hands during trading, a decline of 87% from the average daily volume of 27,586 shares. The stock had previously closed at C$0.64.

Wilton Resources Stock Performance

The stock’s 50 day simple moving average is C$0.58 and its two-hundred day simple moving average is C$0.73. The firm has a market capitalization of C$47.65 million, a PE ratio of -21.67 and a beta of 1.94.

Insider Buying and Selling

In other Wilton Resources news, Senior Officer Lorne Nicholas Saina bought 55,150 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average price of C$0.65 per share, with a total value of C$35,847.50. 6.52% of the stock is currently owned by corporate insiders.

Wilton Resources Company Profile

Wilton Resources Inc operates as an oil and gas exploration and development company in Canada. It also focuses on acquiring oil and gas properties in the Middle East and Africa. The company was formerly known as Hackamore Capital Corp. and changed its name to Wilton Resources Inc in October 2008. Wilton Resources Inc was incorporated in 2007 and is based in Calgary, Canada.