Andean Precious Metals (CVE:APM) Sets New 12-Month High Following Insider Buying Activity

Andean Precious Metals Corp. (CVE:APM) reached a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as C$1.53 and last traded at C$1.53, with a volume of 111240 shares. The stock had previously closed at C$1.45.

Specifically, insider 2176423 Ontario Ltd. purchased 213,800 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of C$1.38 per share, with a total value of C$294,530.88.

Analysts Set New Price Targets

Separately, Desjardins increased their target price on Andean Precious Metals from C$1.60 to C$1.70 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd.

Andean Precious Metals Stock Down 7.0 %

The stock has a market capitalization of C$218.07 million, a PE ratio of 3.95 and a beta of 1.13. The stock’s 50 day moving average price is C$1.12.

Andean Precious Metals (CVE:APM) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.08. Andean Precious Metals had a return on equity of 41.08% and a net margin of 23.75%. The business had revenue of C$95.47 million during the quarter. As a group, equities analysts predict that Andean Precious Metals Corp. will post 0.3792135 earnings per share for the current fiscal year.

Andean Precious Metals Company Profile

Aptorum Group Limited, a pharmaceutical company, engages in the discovery, development, and commercialization of therapeutic products for the treatment of diseases with a focus on infectious diseases and cancers. Its pipeline enables the discovery of new therapeutics assets, such as systematic screening of existing approved drug molecules, and microbiome-based research platform for treatments of metabolic diseases.