Silver Lake Resources (ASX:SLR) Stock Price Crosses Above 200 Day Moving Average Following Insider Selling

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Silver Lake Resources Limited. (ASX:SLR) passed above its 200-day moving average during trading on Friday following insider buying activity. The stock has a 200-day moving average of $0.93 and traded as high as $0.99. Silver Lake Resources shares last traded at $0.96, with a volume of 7,466,788 shares changing hands.

Specifically, insider Leslie (Les) Davis sold 514,706 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of A$1.07 ($0.76), for a total value of A$550,735.42 ($390,592.50).

The stock’s 50-day moving average is A$1.27 and its 200-day moving average is A$0.93. The firm has a market capitalization of $785.70 million and a price-to-earnings ratio of 87.27. The company has a current ratio of 3.12, a quick ratio of 2.25 and a debt-to-equity ratio of 0.15.

About Silver Lake Resources (ASX:SLR)

Silver Lake Resources Limited, together with its subsidiaries, operates as a gold producing and exploration company in Australia. It also explores for silver deposits. The company holds interests in the Mount Monger goldfield project located within the Kalgoorlie terrane subdivision of the Eastern Goldfields province.

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