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Like most junior miners, Galway Metals GWM-X stock struggled in early summer. Galway CEO Robert Hinchcliffe bought as the stock pulled back, and he continued to buy as it rallied in August. Since July 13, he has spent just over $200,000 to buy 399,000 shares in the public market at an average estimated price of 50.6 cents per share. Galway is working on a preliminary economic assessment for its Clarence Stream gold project in New Brunswick and phase I drilling has begun at its Estrades gold-zinc project in Quebec.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.