Insider Buying: Gold Springs Resource Corp. (TSE:GRC) Director Acquires 152,500 Shares of Stock

Gold Springs Resource Corp. (TSE:GRC) Director Antonio Canton acquired 152,500 shares of the stock in a transaction dated Thursday, July 15th. The shares were bought at an average price of C$0.18 per share, with a total value of C$26,687.50. Following the completion of the purchase, the director now directly owns 31,657,480 shares of the company’s stock, valued at approximately C$5,540,059.

Antonio Canton also recently made the following trade(s):

  • On Monday, July 19th, Antonio Canton acquired 232,500 shares of Gold Springs Resource stock. The shares were bought at an average price of C$0.18 per share, with a total value of C$40,687.50.
  • On Tuesday, July 13th, Antonio Canton acquired 260,500 shares of Gold Springs Resource stock. The shares were bought at an average price of C$0.18 per share, with a total value of C$45,587.50.
  • On Wednesday, July 7th, Antonio Canton acquired 325,500 shares of Gold Springs Resource stock. The shares were bought at an average price of C$0.16 per share, with a total value of C$53,479.65.
  • On Tuesday, June 22nd, Antonio Canton bought 225,000 shares of Gold Springs Resource stock. The shares were acquired at an average price of C$0.13 per share, with a total value of C$29,250.00.
  • On Tuesday, June 15th, Antonio Canton bought 2,000 shares of Gold Springs Resource stock. The shares were acquired at an average price of C$0.12 per share, with a total value of C$240.00.
  • On Friday, June 11th, Antonio Canton bought 52,000 shares of Gold Springs Resource stock. The shares were acquired at an average price of C$0.12 per share, with a total value of C$5,980.00.

TSE GRC traded down C$0.01 on Thursday, reaching C$0.18. 43,800 shares of the company’s stock traded hands, compared to its average volume of 134,335. The stock has a market cap of C$43.65 million and a price-to-earnings ratio of -25.00. The business has a 50 day moving average of C$0.13. Gold Springs Resource Corp. has a fifty-two week low of C$0.08 and a fifty-two week high of C$0.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.04 and a current ratio of 2.91.

Separately, Fundamental Research restated a “buy” rating and set a C$0.30 target price on shares of Gold Springs Resource in a research report on Wednesday, June 16th.

Gold Springs Resource Company Profile

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs gold-silver project covering approximately 7,544 hectares located in eastern Lincoln County, Nevada, and western Iron County, Utah.

Featured Story: Sell-Side Analysts

Receive News & Ratings for Gold Springs Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Springs Resource and related companies with MarketBeat.com's FREE daily email newsletter.