New Gold (NGD) has notable insider buying

New Gold (T:NGD)

Anne Day, a Senior Officer, acquired 27,500 Common Shares on a direct ownership basis at a price of $1.100 through the public market on November 7th, 2018. This represents a $30,250 investment into the company's shares and an account share holdings change of 37.9%.

New Gold Inc is a Canada-based gold mining company. The Company has a portfolio of four producing assets: The New Afton and Rainy River Mines in Canada, the Mesquite Mine in the United States and the Cerro San Pedro Mine in Mexico. In addition, the Company is an owner of the Blackwater project located in Canada. The assets produce gold, with copper and silver by-products. The Company is working towards maximizing shareholder value through diversified production, maintaining a reduced risk profile and enhancing growth potential.