We last featured Petrus Resources (PRQ) in our morning report on July 7th to highlight insider buying from Independent Chairman of the Board Don Gray. At the time the stock had a mostly sunny INK Edge outlook and we focused primarily on its low valuations. As of today, the stock's price momentum has improved, helping to boost its outlook to sunny.
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Top Buys and Sells Past WeekTSX and TSXV stocks with most insider sellings in the past 7 days |
VANCOUVER, British Columbia, June 08, 2017 -- Coral Gold Resources Ltd. (TSX.V:CLH) (OTCBB:CLHRF) (the "Company" or "Coral") announced today that, further to the Company's news release dated June 21, 2016, Coral has closed the purchase and sale agreement (the "Agreement") with Barrick Cortez Inc. ("Barrick"), a subsidiary of Barrick Gold Corporation, for the sale of the Robertson Property in Lander County, Nevada, to Barrick.
What a difference a week can make. All summer the mid-cap oriented INK Canadian (CIN) Insider Index had been trading in a range between 1,150 and 1,180. It was never able to fully break free of its 200-day moving average leaving sceptics to wonder if Canadian stocks were doomed for a year of poor performance on the back of poor oil markets and housing worries.
Last week the Index once again tried to muster the strength to breakout finishing at 1,190. This was the second time in a month it had pushed through 1,180, but this time it might be for real.
The 50-stock mid cap oriented INK Canadian Insider Index tracks opportunity in the Canadian market using VIP's: value, insider commitment, and price momentum. This rules-based index determines membership by ranking stocks using familiar value and momentum factors such as P/E and 6-month returns. Our distinguishing feature is insider commitment that uses buying and holdings to validate if a stock offers genuine value or growth. Visit our index page for constituents, track record and more.
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