Athabasca Oil Corp. has struggled to move above the $1 mark for most of the year. Since the beginning of April, however, things have started looking up with the stock rising more than 25 per cent, reaching a high of $1.09 on April 12. That is ahead of the S&P/TSX Capped Energy Index, which is up 5 per cent over the same period.
Moreover, insiders, including chief executive officer Rob Broen, have been buying, spending a combined $22,400 picking up shares in the public market since the beginning of the month.
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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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
Ted Dixon