Monday 9/21 Insider Buying Report: THM, LSAK
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Wednesday, International Tower Hill Mines (THM)'s Chief Executive Officer, David Victor Wiens, made a $200,000 buy of THM, purchasing 83,682 shares at a cost of $2.39 each. So far Wiens is in the green, up about 17.2% on their buy based on today's trading high of $2.80. International Tower Hill Mines is trading up about 1.1% on the day Monday.
And at Lesaka Technologies (LSAK), there was insider buying on Wednesday, by Executive Chairman Ali Mazanderani who purchased 43,000 shares for a cost of $4.28 each, for a total investment of $183,837. Before this latest buy, Mazanderani purchased LSAK at 2 other times during the past twelve months, for a total cost of $9.4M at an average of $4.97 per share. Lesaka Technologies is trading down about 0.5% on the day Monday. Investors can grab LSAK at a price even lower than Mazanderani did, with the stock trading as low as $4.17 at last check today which is 2.5% below Mazanderani's purchase price.
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