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Director Andrew Greig acquires 19,610,400 shares of Scandium International Mining Corp (TSX:SCY)
On August 21, 2015, Director Andrew Greig of Scandium International Mining Corp (TSX:SCY) purchased 19,610,400 shares of the company, as reported in the SEC Filing. This transaction was executed at a price of C$0.1 per share.
Scandium International Mining Corp is involved in the exploration and development of mineral properties. The company focuses on the production of scandium and other rare earth minerals. Scandium is used in a variety of applications, including aerospace, automotive and electronics, making it a valuable resource in modern industries.
Scandium International Mining Corp’s insider trading history shows a lack of insider activity over the past year, with no other insider buying or selling reported.
Shares of Scandium International Mining Corp were trading at C$0.1 on the day of the transaction, giving the company a market value of C$6.536 million. O price-earnings ratio of the share is 9,999.00, significantly higher than the sector median and the company’s historical median.
Director Andrew Greig acquires 19,610,400 shares of Scandium International Mining Corp (TSX:SCY)
This insider buying may indicate a positive insider outlook regarding the company’s future performance. However, potential investors should consider all available financial metrics and market conditions before making investment decisions.
For more detailed evaluation metrics such as price-sales relationship, price-to-book ratioIt is price-free cash flowinterested parties can consult the FG Value for a comprehensive analysis.
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This article first appeared in GuruFocus.