Director Andrew Greig of Scandium International Mining Corp (TSX:SCY) made a significant move on August 21, 2015, by purchasing 19,610,400 shares of the company at a price of C$0.1 per share, as reported in the SEC Filing. This insider transaction has caught the attention of investors and industry experts alike.
Scandium International Mining Corp is a company focused on the exploration and development of mineral properties, with a specific emphasis on the production of scandium and other rare earth minerals. Scandium is a crucial resource used in various industries such as aerospace, automotive, and electronics, making it a valuable commodity in today’s market.
The insider transaction history for Scandium International Mining Corp reveals a lack of activity over the past year, with no other insider buys or sells reported. This makes Director Andrew Greig’s recent purchase even more noteworthy.
Shares of Scandium International Mining Corp were trading at C$0.1 on the day of the transaction, giving the company a market cap of C$6.536 million. The price-earnings ratio of the stock is 9,999.00, significantly higher than both the industry median and the company’s historical median.
This insider buy by Director Andrew Greig could signal a positive outlook for the company’s future performance. However, potential investors are advised to consider all available financial metrics and market conditions before making any investment decisions. For a more in-depth analysis, interested parties can refer to the GF Value for comprehensive valuation metrics.
It is important to note that this article, generated by GuruFocus, is meant to provide general insights and is not personalized financial advice. Investors should conduct their own research and consider their individual investment objectives and financial circumstances before making any decisions.