Teranga Gold Corp. is one of the top two stocks in the gold sub-industry group with insider public-market buying over the past two months. The company started production at its mine in Senegal in 2009 and has recruited former Gabriel Resources chief executive officer Alan R. Hill. Back in May, Mr. Hill, now CEO and chair of Teranga, bought 220,000 shares between the prices of $2.24 and $2.25. He has not been the only buyer. Since May 17, director Oliver Lennox-King has bought 400,000 shares between $2.25 and $2.50.
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.