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An announcement from Sorrento Resources Ltd. ( (TSE:SRS) ) is now available.
Canal Front Investments Inc. has acquired a significant stake in Sorrento Resources Ltd., purchasing 600,000 common shares and an equal number of share purchase warrants. This acquisition increases Mr. Naughty’s total ownership to 5,130,500 shares, representing 11.78% of the total issued shares on an undiluted basis. The acquisition, valued at $150,000, is intended for investment purposes, and Mr. Naughty may adjust his holdings based on market conditions.
More about Sorrento Resources Ltd.
Average Trading Volume: 65,692
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.64M
For a thorough assessment of SRS stock, go to TipRanks’ Stock Analysis page.