On June 8, Dominion Diamond Corp. reported its Q1 results that included a net loss of $0.01 (U.S.) per share versus $0.14 profit a year earlier. The market reacted poorly to the news with the share price shedding more than 10 per cent in a matter of days. Then on June 23, a fire broke out at the process plant for Dominion Diamond's Ekati mine. With the stock down, insiders have been buying. Since July 8, two directors have spent a total of $230,470 picking up shares in the public market.
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. 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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.