The Largest Shareholder in This Company Just Bought A Huge Chunk of Stock

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.

TTR_Insider_Buys

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:

 

TTR.V (Daily)

TTR.V

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.
 

Disclaimer

The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. TTR is a high-risk venture stock and not suitable for most investors.. Consult Titanium Transportation Group’s SEDAR profile for important risk disclosures.

EnergyandGold has been compensated to cover Titanium Transportation Group and so some information may be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

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