One of the questions facing Canadian investors this year is how gold stocks will perform versus energy shares. It seems junior miner Laramide Resources Ltd. is exploring the potential of getting the best from both worlds. The company recently announced another drilling program on its Queensland Australia Westmoreland uranium property. Adding a bit of a twist, Laramide says it will be testing for both uranium and gold mineralization.
Meanwhile, over the last 90 days chief executive officer Marc Henderson has spent just over $400,000 buying shares in the public market. His most recent trade took place on Dec. 31 when he purchased 20,000 shares between $1.62 and $1.67. Mr. Henderson was at the helm of Aquiline Resources when the silver miner became a friendly takeover target of Pan American Silver last October.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.