Skip to main content

On Sept. 8, O3 Mining Inc. released results of a preliminary economic assessment for its Marban project in Val d’Or, Que. Based on a long-term gold price of US$1,450 per ounce and other assumptions, Marban is estimated to generate an after-tax net present value of $423-million at a 5-per-cent discount rate. As the stock rallied on the news, chief executive Jose Vizquerra bought shares. Since the news, he has spent $349,147 buying shares in the public market. Generally, it is a positive sign when insiders buy into price strength.

Open this photo in gallery:

stock

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.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an editorial error

Report a technical issue

Editorial code of conduct

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 3:13pm EDT.

SymbolName% changeLast
OIII-X
O3 Mining Inc
-3.36%1.44

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe