Adamera Minerals (CVE:ADZ) Shares Up 10.3% – Here’s What Happened

Adamera Minerals Corp. (CVE:ADZ)’s stock price shot up 10.3% on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. 59,000 shares traded hands during mid-day trading, an increase of 167% from the average session volume of 22,072 shares. The stock had previously closed at C$0.15.

Adamera Minerals Stock Performance

The stock has a market cap of C$3.69 million, a P/E ratio of -2.58 and a beta of 1.16. The stock has a fifty day simple moving average of C$0.14 and a 200-day simple moving average of C$0.09. The company has a quick ratio of 3.54, a current ratio of 0.64 and a debt-to-equity ratio of 4.67.

Adamera Minerals (CVE:ADZ) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter.

Insider Transactions at Adamera Minerals

In related news, Director Mark Robert Kolebaba sold 255,000 shares of the business’s stock in a transaction that occurred on Sunday, September 8th. The stock was sold at an average price of C$0.15, for a total value of C$38,250.00. 5.97% of the stock is currently owned by insiders.

About Adamera Minerals

Adamera Minerals Corp., an exploration stage company, acquires and explores for precious metals. The company primarily explores for silver, gold, copper, and zinc deposits. Its principal properties are the Cooke Mountain, Empire Creek, Buckhorn 2.0, Talisman, and Flaghill located in Washington State, the United States.