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Ingots of 99.99 percent pure silver. (ILYA NAYMUSHIN/REUTERS)
Ingots of 99.99 percent pure silver. (ILYA NAYMUSHIN/REUTERS)

Insider Trading

Silvercorp CEO is buying Add to ...

When fraud allegations hit Sino-Forest, the company imposed a trading ban on its executives. Whatever the legal merits of the move, it deprived investors the opportunity to see if executives were willing to put their money where their mouth was. China-focused Silvercorp Metals Inc. , which has vigorously denied recent anonymous allegations of impropriety, is taking a different path. On Tuesday, CEO Rui Feng bought 100,000 shares at $7.87 (U.S.). Rui Feng now owns 3,854,500 shares on a direct ownership basis.

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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Follow on Twitter: @TedDixon


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