Gold stock investors may have their resolve tested as greenback sentiment firms ahead of an expected December rate hike.
Today, we look at New Gold Inc. where insider commitment remains upbeat heading into year end. Over the past three months, director Kay Priestly acquired 55,000 common shares. Earlier in September, an officer acquired 15,000 shares through options but only sold 13,985 shares.
Generally, it is often a positive sign when an insider exercises options but does not subsequently sell all the newly acquired shares.
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.