Friday’s Insider Report: CEO invests $1-million in this oversold energy stock Listed below are two stocks that have had recent buying activity in the public market reported by insiders.
Topaz Energy Corp.
On Dec. 28, director Mike Rose, who sits on the board of directors, invested roughly $210,000 in shares of Topaz. He bought 10,000 shares at a cost per share of $20.9984, lifting this particular account’s holdings to 443,470 shares.
Toumaline Oil Corp.
Between Dec. 28 and Jan. 3, chairman, president, chief executive officer and founder Mike Rose acquired a total of 15,000 shares at an average price per share of approximately $67.32, increasing this specific account’s position to 8,634,974 shares. The cost of these purchases totaled more than $1-million.
Over the past month, the share price has declined 20 per cent.
The relative strength index (RSI) is below 25. Generally, an RSI reading at or below 30 reflects an oversold condition.