On March 22, 2019, Investments Scandium, a 10% Owner, purchased 1,111,111 shares of Scandium International Mining Corp (TSX:SCY) as reported in the SEC Filing. This transaction marks a significant insider buy for the company, which specializes in the exploration and development of scandium resources.
Scandium International Mining Corp is engaged in the exploration and development of mineral properties. The company focuses on the development of scandium, rare earth minerals, and other critical metals.
The shares were acquired at a price of C$0.18 per share, valuing the transaction at approximately C$200,000. This purchase by the insider has occurred at a time when the company's market cap stands at C$5.214 million.
The company's current price-earnings ratio is 9,999.00, significantly higher than both the industry median of 18.2 and its historical median, indicating a premium valuation compared to its earnings.
Over the past year, there have been no other insider buys or sells reported, making this acquisition by Investments Scandium a notable event in the company's recent transaction history.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors may refer to the GF Value for a comprehensive understanding of the stock's intrinsic value.
This insider purchase could be a signal to shareholders and potential investors about the insider’s confidence in the company's future prospects and current valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
