As reported in an SEC filing, on March 23, 2018, 10% owner Investments Scandium purchased 2,777,778 shares of Scandium International Mining Corp (TSX:SCY). The transaction represents a significant insider acquisition for the company, which specializes in the exploration and development of scandium and other rare earth minerals.
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, representing a transaction value of approximately C$500,000. Following this transaction, Scandium International Mining Corporation’s market capitalization now stands at CA$6,533,000.
The company’s valuation metrics show a price-to-earnings ratio of 9,999.00, which is significantly higher than both the industry median and historical median. This high ratio indicates a premium in valuation compared to earnings.
Scandium International Mining Corporation’s insider trading history over the past year reveals no other insider sales, making this acquisition by Investments Scandium a notable event in the company’s recent history. It becomes.
For more detailed valuation metrics such as price to sales ratio, price to book value, and price to free cash flow, investors can research GF Value for a comprehensive analysis.
This insider purchase could signal to shareholders and potential investors that insiders believe in Scandium International Mining’s prospects.
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