ECN Capital Corp. is one of the rare cases where we like to highlight of a stock with good momentum where insiders are sending a confirmation signal via their public market purchases.
The stock set a 52-week high of $4.27 on March 6 and is up about 20 per cent over the past three months.
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In March alone, insiders have spent $735,654 buying shares through either the public market or options exercises (not on chart). The most recent public market purchase was on March 6 when director Carol Goldman acquired 30,000 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 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