Skip to main content

While spot nickel prices may be down in the dumps, insider activity at Quebec-focused junior Royal Nickel Corp. appears distinctly upbeat. Insiders were buying last month as news hit that Indonesia had banned the export of nickel ore. The purchases continued in February. So far this year, four insiders have bought 623,000 shares at an average price of 39 cents. CEO Mark T.H. Selby was the largest buyer, picking up 270,000 shares. In terms of valuations, the stock is trading at a price-to-book ratio of about 0.6 according to Thomson Reuters.

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.

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.