Tree Island Steel Co. Ltd. is up about 75 per cent over the past year as the market reacted favourably to first-quarter results released in May. Over the past year, six insiders (either directors or officers) bought 55,316 shares in the public market at an average of $2.29. What caught our eye was some more buying on July 30. Chief financial officer Nancy Davies acquired 850 common shares and the vice-president of sales and marketing bought 1,700 shares. The stock ranks sixth in the July edition of our INK Edge Top 40.
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. 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.