The stock of Superior Plus Corp., a propane marketer and specialty chemical maker, hit a 52-week high of $9.67 on Sept. 19. However, the next day it released some new developments in its previously disclosed dealings with the Canada Review Agency. While the stock fell on the news, insiders have been buying this week. CEO Luc Desjardins bought 35,000 shares in the public market at an average price of $8.91. Another officer also bought 15,000 shares at $8.92 while CFO Wayne Bingham bought 10,000 shares at an average of $8.34.
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.
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