Yahoo Finance Director Willem Duyvesteyn Acquires 27,778 Shares of Scandium International Mining Corp (TSX:SCY)
On March 22, 2019, Willem Duyvesteyn, a Director at Scandium International Mining Corp (TSX:SCY), purchased 27,778 shares of the company. The transaction was documented in an SEC Filing. This insider buy is notable as it represents a significant investment by a key member of the company's leadership.
Scandium International Mining Corp is engaged in the exploration and development of mineral properties. The company focuses on the production of scandium and other rare earth minerals. Scandium is primarily used in aerospace and automotive applications, as well as in the production of electronics and ceramics.
The shares were acquired at a price of C$0.18 per share, valuing the transaction at approximately C$5,000.04. Following this purchase, the insider's total holding in the company increased to 27,778 shares.
At the time of the purchase, the market cap of Scandium International Mining Corp was C$5.214 million. The company's price-earnings ratio stood at 9999.00, significantly higher than both the industry median and the company's historical median.
Insider buying can be an important indicator of a company's future prospects. The insider transaction history for Scandium International Mining Corp shows no other insider buys over the past year, making this purchase by Willem Duyvesteyn particularly noteworthy.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors may refer to the GF Value of the stock.
This insider buy could be a signal to shareholders and potential investors about the confidence the insider has in the future direction and potential of the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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