Public market insider buying at Canadian Metals (CME)

Public market insider buying at Canadian Metals (C:CME)

Gerald Panneton, a Director, acquired 350,000 Common Shares on a direct ownership basis at a price of $0.514 on May 22nd, 2019. This represents a $179,900 investment into the company's shares and an account share holdings change of 25.0%.

Canadian Metals is in the Gold Sub Industry Group under the Basic Materials Sector.

Canadian Metals Inc is a Canada-based silicon metal producer. The Company focuses on the development of its Langis Project, which is a silica deposit located in the province of Quebec, Canada. The Massicotte property covers parts of various townships, such as Gaudet, Beschefer, Bapst, Ste-Helene, Aloigny, La Gauchetiere Desmazures and Joutel. The Massicotte property consists of approximately 500 claims totaling approximately 26,000 hectares. The Massicotte property covers a part of the Massicotte Deformation Zone and is located close to various regional gold-bearing deformation zones, including the Sunday Lake, Lower Detour and Graset deformation zones. The Langis Silica Property is located in the eastern Matapedia Region of Quebec, near the towns of Amqui and Matane, in Appalachian terrain. The Langis Silica Property covers a geologically mapped area of siliceous sandstone. Canadian Metals Inc. (CME) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $179,900.