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We highlighted insider buying at Ivanhoe Mines (IVN) in the INK Research Morning Report on February 12th. Since that time, the stock has climbed 9.4% and is now flirting with 52-week highs. The question is whether it can break through resistance around current levels. Insiders seem to be betting on some clear skies ahead. They have been net buyers of an additional $485,054 worth of stock since our February 12th morning report. In addition, as of our March 4th Insider Insights newsletter, Ivanhoe was the top INK Edge-ranked mining stock. In terms of recent news, on February 18th, Ivanhoe announced that the weighted price of the 'basket' of metals contained at its Platreef project had risen to a new, three-year high.
Registered Canadian Insider users can download today's company report for free for more details on who was buying and check the stock's latest fundamentals and INK Edge outlook.
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