Insiders are buying in junior mining shares.
INK's basic materials indicator, which measures insider sentiment in the sector, is in bullish territory. Much of the insider buying is taking place in junior mining shares. Ron Tremblay's Levon Resources Ltd., which has $45-million in the bank, is one such stock. So far this summer, director Gary Robertson has bought a total of 210,000 shares at prices between 24 and 30 cents. He now holds 1,150,836 shares. As a group, Levon Resources officers and directors hold 23,246,467 shares on a beneficial basis.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.