PrairieSky Royalty (PSK) has notable insider buying

PrairieSky Royalty (T:PSK)

PrairieSky Royalty Ltd. (PSK) has a high amount of executive buying compared to its large-cap peers over the past three months. Andrew Phillips, CEO, acquired 4,200 Common Shares on a direct ownership basis at a price of $25.752 through the public market on September 6th, 2023. This represents a $108,160 investment into the company's shares and an account share holdings change of 0.5%.

PrairieSky Royalty Ltd. is a Canada-based royalty-focused company. The Company has a diverse portfolio of properties, which represent the independently owned fee simple mineral title position in Canada. It has a geologically and geographically diverse portfolio of fee simple mineral title (Fee Lands), lessor Interests in and to leases that are issued in respect of certain Fee Lands (Lessor Interests), crude oil and natural gas overriding royalty interests, gross overriding royalty interests, net profit interests and production payments on lands (collectively, GORR Interests) and other acreage spanning Alberta, Saskatchewan, British Columbia and Manitoba (collectively, the Royalty Properties). The Company is focused on encouraging third parties to develop the royalty properties, while strategically seeking additional petroleum and natural gas royalty assets that provide the Company with medium-term to long-term value enhancement potential.