Public market insider buying at Macro Enterprises (MCR)

Public market insider buying at Macro Enterprises (V:MCR)

Gate City Capital Management, a 10% Holder, acquired 52,600 Common Shares on a control or direction basis for registered holder Gate City Capital Managed Accounts at prices ranging from $2.414 to $2.477 between February 19th and 24th, 2021. This represents a $128,921 investment into the company's shares and an account share holdings change of 1.3%.

Macro Enterprises is in the Oil Related Services and Equipment Sub Industry Group under the Energy Sector.

Macro Enterprises Inc. is engaged in providing pipeline and facilities construction and pipeline repair services to companies in the oil and gas industry in western Canada. The Company performs a range of activities, including clearing and grading of the right-of-way, welding of the pipe to form a continuous pipeline, creating a ditch in which to bury the pipe and backfilling the ditch, among others. Pipeline repair is divided in two categories, emergency and planned work. Emergency work usually results from the occurrence of an incident, such as a leak condition. Pipeline repair includes mobilizing personnel and equipment to site requiring work, excavate and expose the pipeline section that requires a repair or assessment and remove pipeline coating and assess the pipeline to determine magnitude of repair required, among others. The Company owns mechanics shop in Fort St. John where it maintains all of its heavy duty construction equipment.