When an insider who already owns nearly 40% of a company chooses to buy another C$500,000 of stock it is a strong sign of conviction and an indication that there could be a great deal of value at the levels which they are buying.
Vic De Zen is a billionaire by most accounts and he has quite a track record of successful investments in both public and private companies. After a roughly 50% decline during the last eight months Mr. De Zen appears to see value in the C$1.50-C$1.60 share price area:
From a technical perspective there have been signs of accumulation recently (in part due to Mr. De Zen’s purchases) and the daily RSI(14) breaking above the median line pointing higher is a bullish indicator. A decisive move above C$1.90 would offer a strong sign that TTR share put in an important low earlier this month. This is a stock for investors to put on their radar for both fundamental and technical reasons.
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