Stornoway Diamond Co. (SWY) Insider Ghislain Poirier Buys 20,000 Shares of Stock

Stornoway Diamond Co. (TSE:SWY) insider Ghislain Poirier purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of C$0.61 per share, with a total value of C$12,200.00.

Stornoway Diamond Co. (TSE:SWY) remained flat at $C$0.60 during mid-day trading on Tuesday. 281,282 shares of the company’s stock were exchanged, compared to its average volume of 463,280. Stornoway Diamond Co. has a fifty-two week low of C$0.60 and a fifty-two week high of C$1.13.

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A number of equities research analysts recently weighed in on SWY shares. TD Securities dropped their price target on Stornoway Diamond from C$0.90 to C$0.85 and set a “hold” rating for the company in a report on Tuesday, August 15th. Royal Bank Of Canada cut Stornoway Diamond from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$0.90 to C$0.60 in a report on Thursday, October 12th. Finally, BMO Capital Markets dropped their price target on Stornoway Diamond from C$1.25 to C$0.80 and set a “market perform” rating for the company in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$1.01.

About Stornoway Diamond

Stornoway Diamond Corp is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.

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