5N Plus Inc. (TSE:VNP) Director Jean-Marie Bourassa Sells 400,000 Shares

5N Plus Inc. (TSE:VNP) Director Jean-Marie Bourassa sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$5.55, for a total transaction of C$2,220,000.00.

5N Plus Stock Performance

Shares of TSE:VNP opened at C$5.63 on Thursday. The company’s 50 day simple moving average is C$7.31 and its 200 day simple moving average is C$6.99. The stock has a market capitalization of C$353.42 million, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.55. 5N Plus Inc. has a 1 year low of C$4.29 and a 1 year high of C$8.99. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VNP. Ventum Financial set a C$10.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ventum Cap Mkts upgraded shares of 5N Plus to a “strong-buy” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$8.60.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.