The shares of rare earth producer Neo Material Technologies Inc. have jumped more 55 per cent over the past three months. The firm has benefitted from improving demand for its products and rising prices. However, potential higher input costs may be a risk going forward. Meanwhile, since Nov. 16, five insiders who are officers and directors have sold 331,600 shares in the public market at an average price of $6.88. Three officers exercised 160,000 options during that period. A 10-per-cent holder also sold 1,608,700 shares (not shown on chart).
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
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