Insider Buying: Investments Scandium Acquires Shares of Scandium International Mining Corp (TSX:SCY)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2024
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Source: Yahoo Finance
- Investments Scandium: Purchased 2,777,778 shares of Scandium International Mining Corp, a significant insider buy.
- Scandium International Mining Corp: Engaged in exploration and development of scandium, rare earth minerals, and other critical metals.
- Market Cap: Following the transaction, stands at approximately C$6.533 million.
- Valuation Metrics: Price-earnings ratio of 9,999.00, indicating a premium valuation compared to earnings.
- Insider Buying Signal: Investments Scandium's purchase may indicate confidence in the future prospects of the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
