Featured Report: Contrarian alert: Insiders buy as Allied Gold slides after debut

INK Staff
Sat, 06/08/2024 0:50

In our latest Globe and Mail Who is Buying and Selling feature published this weekend, we looked at Allied Gold (AAUC) led by former Yamana Gold CEO Peter Marrone. Since going public in September, 2023, insiders have spent almost $5 million buying shares in the public market.

Insider chart from the June 3, 2024 Morning INK Report

We featured Allied Gold for community members in the June 3rd Morning INK Report. Similar to last week, we characterized the situation as a contrarian setup. These types of contrarian situations, if successful, can take a year or more to play out.

You can monitor what Allied Gold insiders are doing with their stock by putting it on your watch/notification list. Also monitor the stock's INK Edge outlook over time by downloading the most recent Allied Gold INK company report from the company page on Canadian Insider or you can access the most recent AAUC INK company report for free here.

Canadian Insider Club members have 30 free INK company report downloads per month to help them monitor their investments. If you are not a member, join us today to download the June 3rd morning report and secure the Canadian Insider edge to help you monitor your investments and capitalize on opportunity with access to core INK Research PDF report. Learn more about joining us and how to make the most out of Canadian Insider data here.


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