Public market insider buying at Velan (VLN)

Public market insider buying at Velan (T:VLN)

Robert Raich, a Director, acquired 31,000 Subordinate Voting Shares on an indirect ownership basis for registered holder RRSP - 3Macs at a price of $8.440 on October 25th, 2021. This represents a $261,640 investment into the company's shares and an account share holdings change of greater than 100%.

Velan is in the Industrial Machinery & Equipment Sub Industry Group under the Industrials Sector.

Velan Inc. is a Canada-based company, which is engaged in designing, manufacturing, and marketing broad range of industrial valves for use in industry applications including power generation, oil, and gas, refining and petrochemicals, chemicals, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes, and shipbuilding. The Company produces steel industrial valves operating approximately 12 manufacturing plants across the world. The Company has operations in geographies, including Canada, the United States, France, Italy and Other. The Company's North American operations comprise approximately two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Company's operations also include a sales operation in Germany and a 50%-owned Korean foundry.