The Senior Vice President of Corporate Development & Capital Markets Of Champion Iron Limited (ASX:CIA), Michael Marcotte, Has Just Spent CA$96k Buying 9.7% More Shares
By Simply Wall St Published June 08, 2022
Even if it's not a huge purchase, we think it was good to see that Michael Marcotte, the Senior Vice President of Corporate Development & Capital Markets of Champion Iron Limited (ASX:CIA) recently shelled out AU$96k to buy stock, at AU$7.67 per share. Although the purchase is not a big one, increasing their shareholding by only 9.7%, it can be interpreted as a good sign.
We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
CIA Price at posting:
$7.76 Sentiment: Buy Disclosure: Held
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