This week, we take a look at buying in New Gold Inc. Over the past 3 months, 4 directors have spent $5.6-million buying stock either through options or the public market. Pierre Lassonde has been the biggest buyer. Mr. Lassonde is a gold industry pioneer having established the first gold royalty trust three decades ago. He is a former chair of the World Gold Council and is current board chair of Franco Nevada. In May he bought 928,700 New Gold shares between the prices of $5.45 and $5.55.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
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- New Gold Inc$5.62-0.10(-1.75%)
- Updated January 24 1:42 PM EST. Delayed by at least 15 minutes.