Over the last three months, Continental Gold Inc. is up a modest 2 per cent. However, over the past month, Continental shares have been showing some relative strength with a 10-per-cent advance.
On Oct. 2, Continental announced results from a 25,000 metre drilling program at its Buritica project in Colombia, which included an intersection of 67.69 grams per tonne gold over 6.10 metres.
Meanwhile, over the past 3 months, four insiders bought a total of 46,027 common shares at an average price of $3.24. The most recent purchase was on Oct. 4.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.