An employee works with a reel of copper cable at a factory in China.ALY SONG
After hitting a multi-year peak of $4.90 last January, Mercator Minerals Ltd. got caught in the 2011 market downdraft. The company hopes to regain momentum through larger copper and molybdenum production at its Arizona Mineral Park mine. Mercator's share price has been edging higher recently and on Dec. 29, board chair Robert Quinn bought 15,000 shares in the public market at $1.43. Earlier in November, Mercator's largest shareholder Russian-born billionaire Vladimir Iorich boosted his holdings by 1,143,014 shares as part of a $20-million company financing.
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.