Niko Resources Ltd. stock was already under pressure last month when news of its Bangladeshi bribery case broke. The foreign corruption issue helped to send the stock to new lows for the year. However, the share price found some insider support around the $60 level. On June 30, chief executive officer Edward Sampson bought 16,300 shares in the public market between the prices of $60.66 and $61.06. In addition, director Conrad Kathol bought 1,000 shares at $59.95.
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.Report Typo/Error