Tree Island Steel (TSL) has notable insider buying

Tree Island Steel (T:TSL)

Tree Island Steel Ltd. (TSL) has a high amount of executive buying compared to its small-cap peers over the past three months. Amar Doman, a Director and 10% Holder executive, acquired 29,000 Common Shares on an indirect ownership basis for registered holder The Futura Corporation at prices ranging from $3.440 and $3.500 through the public market on May 29th, 2018. This represents a $100,785 investment into the company's shares and an account share holdings change of 0.3%.

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.