Copper Mountain Mining (CMMC) has notable insider buying

Copper Mountain Mining (T:CMMC) has notable insider buying

Copper Mountain Mining Corporation (CMMC) has a high amount of executive buying compared to its small-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $433,644.Gilmour Clausen, CEO, acquired 400,000 Common Shares on a direct ownership basis at a price of $1.045 through the public market on August 16th, 2018. This represents a $418,000 investment into the company's shares and an account share holdings change of 58.0%.

Lance Carl Newman, a Senior Officer, acquired 15,000 Common Shares on a direct ownership basis at a price of $0.793USD through the public market on August 16th, 2018. This represents a $15,644 investment into the company's shares and an account share holdings change of 55.6%.

Copper Mountain Mining Corporation is a copper-gold producing company. The Company is engaged in the business of mineral exploration, development and operation of mineral deposits. The Company, through its subsidiary, has interests in the Copper Mountain Mine. The Copper Mountain mine project is situated 20 kilometers south of Princeton, British Columbia, and 300 kilometers east of the port of Vancouver. The Copper Mountain mine project consists of approximately 140 Crown granted mineral claims, over 150 located mineral claims, over 10 mining leases and over 10 properties, covering an area of approximately 70 square kilometers. Its Copper Mountain mine project is a conventional open pit, truck and shovel operation. Its mining equipment fleet includes two Komatsu PC 8000 hydraulic shovels, a Hitachi EX 5500 hydraulic shovel, over 10 Komatsu 240 ton capacity haul trucks, seven Euclid 260 ton haul trucks, a Komatsu WA 1200 loader and four Komatsu D375 dozers.