stock
Since the start of the Iran War, Selkirk Copper Mines (SCMI) stock is up 20.8 per cent as of Wednesday, bucking the trend of most mining shares, which have fallen on fears of lower growth and higher rates. Importantly, insiders have spent more than $1.6 million buying shares in the public market in March. The largest and most recent buyer was CEO Colin Joudrie who bought a total of 1,704,600 shares at an average price of $0.97. Notably, 628,600 of those shares were purchased on March 19th.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.