Like many junior gold stocks, Zodiac Gold Corp. ZAU-X shares have struggled over the past few months. However, insiders are betting Zodiac’s drilling strategy at the company’s Todi project in Liberia will pay off for the West African miner. Over the past six months, three insiders have spent a total of $1.2-million buying shares in the public market. The most recent purchase was on Oct. 14 when Chairman Brett Richards bought 233,500 shares at $0.32. Mr. Richards is the largest beneficial insider equity holder with just over 18.8 million shares.
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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.