Serengeti Resources (SIR) Shares Up 19.6%

Serengeti Resources Inc (CVE:SIR) shot up 19.6% during trading on Thursday . The stock traded as high as C$0.28 and last traded at C$0.28. 588,100 shares were traded during trading, an increase of 108% from the average session volume of 282,916 shares. The stock had previously closed at C$0.23.

In other Serengeti Resources news, insider Richard Collier Atkinson acquired 845,000 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were acquired at an average cost of C$0.15 per share, for a total transaction of C$126,750.00. Also, insider Michael Kosowan acquired 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average price of C$0.26 per share, for a total transaction of C$32,500.00. Over the last 90 days, insiders have acquired 1,210,000 shares of company stock worth $222,950 and have sold 441,500 shares worth $108,175.

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About Serengeti Resources (CVE:SIR)

Serengeti Resources Inc acquires and explores for mineral properties in Canada. The company's flagship property is the Kwanika copper-gold deposit covering an area of 9,418 hectares located in the northern Quesnel Trough, British Columbia. It also explores for silver and molybdenum resources. The company was formerly known as Serengeti Minerals Ltd.

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