Director buys as Vicinity Motor stock stalls

As the COP27 United Nations Climate Change Conference meets in Egypt, we look at electric bus and truck manufacturer Vicinity Motor Corp. VMC-X. Over the past six months, as the stock lost momentum, Director James White spent just over $200,000 buying shares in the public market. In all, he acquired 135,400 shares at an average price of $1.49. Vicinity has expanded its product line to include trucks and on Oct. 17 it announced a US$100-million purchase order for a minimum of 1,000 of the trucks by the end of 2023.

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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.

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