Quebec seems to be the province winning the race to make the most out of the global resource revival. In particular, last year the provincial government gave the green light to Osisko Mining's Malartic gold project. The latest Quebec miner to catch our eye is Strateco Resources Inc. which is exploring for uranium in the Otish Mountains.
Over the past year, Strateco Resources' chief executive officer Guy Hebert bought 775,000 shares in the public market at an average price of 80 cents. The company has also attracted the interest of at least one other notable investor. On Dec. 14, Ned Goodman, CEO of Dundee Corp. filed a direct holding opening balance report of 400,000 shares in Strateco.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.