Founders Metals (CVE:FDR) Director Acquires 20,000 Shares

Key Points

  • Founders Metals director Vijay Kirpalani purchased 20,000 shares at an average price of C$4.22, investing C$84,400 and increasing his direct holdings by 2.8% to 735,000 shares.
  • Kirpalani also acquired an additional 25,000 shares at an average cost of C$4.02, bringing the reported recent purchases to 45,000 shares.
  • Founders Metals shares were trading at C$6.70, up 10.2%, with a market capitalization of approximately C$964 million and a 12-month range of C$3.15 to C$6.89.

Founders Metals Inc. (CVE:FDR - Get Free Report) Director Vijay Kirpalani purchased 20,000 shares of Founders Metals stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of C$4.22 per share, with a total value of C$84,400.00. Following the acquisition, the director directly owned 735,000 shares in the company, valued at C$3,101,700. This trade represents a 2.80% increase in their position.

Vijay Kirpalani also recently made the following trade(s):

  • On Wednesday, September 16th, Vijay Kirpalani acquired 25,000 shares of Founders Metals stock. The stock was acquired at an average cost of C$4.02 per share, for a total transaction of C$100,500.00.

Founders Metals Trading Up 10.2%

Shares of FDR opened at C$6.70 on Tuesday. The firm has a market cap of C$964.15 million, a P/E ratio of -60.91 and a beta of 2.20. Founders Metals Inc. has a 12 month low of C$3.15 and a 12 month high of C$6.89. The stock's 50 day moving average is C$5.25 and its two-hundred day moving average is C$4.77.

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