CFO buying at Neo Performance Materials (NEO)

CFO buying at Neo Performance Materials (T:NEO)

Rahim Suleman, CFO, acquired 10,000 Common Shares on a direct ownership basis at a price of $12.250 on May 30th, 2022. This represents a $122,500 investment into the company's shares and an account share holdings change of 18.8%.

Neo Performance Materials Inc. is engaged in manufacturing advanced industrial materials, such as magnetic powders and magnets, specialty chemicals, metals, and alloys. The Company operates through three business segments: Magnequench, Chemicals & Oxides (C&O) and Rare Metals (RM). Its Magnequench segment is engaged in the production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. Its C&O segment manufactures and distributes a range of advanced industrial materials. Its applications are used in automotive catalysts, permanent magnetics, consumer electronics, petroleum refining catalysts, medical devices, and wastewater treatment. Its RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. Applications from products made in this segment primarily include superalloys for jet engines, medical imaging, wireless technologies and others.