Public market insider buying at Tree Island Steel (TSL)

Public market insider buying at Tree Island Steel (T:TSL)

Peter Morris Bull, a 10% Holder, acquired 79,200 Common Shares on an indirect ownership basis for registered holder Arbutus Distributors Ltd. at prices ranging from $2.428 to $2.590 between November 6th and 8th, 2018. This represents a $196,705 investment into the company's shares and an account share holdings change of 1.4%.

Tree Island Steel is in the Steel Sub Industry Group under the Basic Materials Sector.

Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company is engaged in making products from steel wire for a range of customers for industrial, construction, agricultural and specialty applications. The Company's products include galvanized wire, bright wire, an array of fasteners, including packaged, collated and bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The Company markets products under the Tree Island, Halsteel, K-Lath, Industrial Alloys, TI Wire and Tough Strand brand names. The Company also operates a China-based company that assists with international sourcing of products. Its subsidiary is Tree Island Industries Ltd., which supplies a range of steel wire and fabricated steel wire products to customers in Canada, the United States and internationally. Tree Island Steel Ltd. (TSL) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $196,705.