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Insiders buy Innergex after it expands credit facility

The S&P/TSX Independent Power Producers and Energy Traders Index made a new 52-week high this week while our insider sentiment indicator for the group also hit record levels. One stock that has not followed the index higher is Innergex Renewable Energy Inc. However, insiders have been buying after the company announced an expansion of its credit line to $350-million in August. Four executives at the firm have subsequently bought 17,309 shares in the public market at an average price of $9.21.





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.

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Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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