Pure Gold Mining Inc
XTSX:PGM
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We don't have any information about PGM's insider trading.
Pure Gold Mining Inc
Glance View
Pure Gold Mining, Inc. engages in the acquisition, exploration, and development of gold mineral deposits in Canada. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2006-04-26. The firm is engaged in the business of the acquisition, exploration and development of gold and other precious and base metal properties in Canada. The Company’s principal mineral property is the PureGold Mine Project (PureGold Mine) located near Red Lake, Ontario. Its PureGold Mine property consists of approximately 251 mining leases, mining patents and unpatented mining claims owned or controlled 100% by the Company, covering an area in excess of 4,600 hectares in the Red Lake gold camp of Northwestern Ontario. The firm has acquired a 100% interest in the Newman-Madsen Property. The Newman-Madsen Property is considered a part of the PureGold Mine. The company has also acquired a 100% interest in the Derlak Gold Property. The Derlak Gold Property consists of approximately 11 claims, which are subject to a royalty arrangement based on a net smelter return (NSR) of 3%.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
