Junior Explorer Jumps on Insider Buying

Trilogy Metals Inc. (TSX:TMQ), a junior explorer, powered higher after announcing insider buying by its CEO along with the addition of a new significant shareholder

Sean Mason | December 19, 2017 | SmallCapPower

Insider buying of the company’s stock was good news for shareholders of a junior explorer Tuesday. Here’s some small stocks making big moves on Tuesday, December 19, 2017 (as of 4 pm EST):

Trilogy Metals Inc. (TSX:TMQ) shares surged 34% to $1.50 on Tuesday after the junior explorer announced that a wholly-owned subsidiary of South32 Limited has become a new shareholder of the Company, purchasing approximately 6% of the outstanding common shares. Rick Van Nieuwenhuyse, the Company’s Chief Executive Officer, has also increased his shareholdings of Trilogy Metals by approximately 1.7 million shares, increasing his ownership stake to about 2.6%.

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As well, shares of CPI Card Group Inc. (TSX:PMTS) slipped 16% to $0.97 as the provider of financial and EMV chip card production and related services said it will implement a 1-for-5 reverse stock split, effective on December 20, 2017.

Snipp Interactive Inc. (TSXV:SPN), meanwhile, reported that it has signed a Memorandum of Understanding with Appsolutely Inc. to explore ways to incorporate its LoyalCoin loyalty solution into Snipp’s suite of products. LoyalCoin is the digital currency in a next generation Blockchain based platform that allows consumers to use a single currency to redeem and exchange rewards from any participating brand. Snipp Interactive stock popped 59% to $0.135 following the announcement.

Finally, Global Gardens Group Inc. (TSXV:VGM) shares gained 100% to $0.08 after the company announced that distribution of its non-dairy, plant-based milk product Veggemo will reach 3000+ stores across the United States.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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