Buying at Victoria Gold
We have downgraded overall insider sentiment for TSX-listed stocks to overvalued (negative), but left our Venture sentiment reading unchanged at undervalued (positive), due to higher risk tolerances among Venture insiders who are used to risky environments. This sentiment divergence is playing out in the gold sector. Even as some executives in senior producers have been taking profits, we see steady buying among the junior miners.
Over the last 30 days, officers and directors at Victoria Gold Corp., (yesterday's close 55¢), have spent more than $290,000 buying shares in the market. The largest buyer was director Hugh Agro who purchased 444,000 shares at prices ranging between 36.5 cents and 38 cents.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors about Canadian markets. INK employees or directors may hold shares in investments profiled. Securities referenced in this profile may have already appeared in recent reports distributed to INK Research clients.
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