Insider Stock Buying Reaches US$696.4k On Rio2

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Multiple insiders, including Alexander Black, have purchased shares of Rio2 Limited (CVE:RIO), with a total value of US$696.4k. Insider buying is seen as a positive sign for shareholders. Over the past year, Rio2 insiders have been buying shares and not selling. In the last quarter, insiders collectively bought CA$651k worth of shares. Insider ownership of Rio2 stands at 18% of the company, indicating alignment between management and smaller shareholders. The recent insider purchases, combined with notable insider ownership, suggest that insiders believe the share price is undervalued. However, it's important to consider the company's lack of profitability and potential risks before making any investment decisions.

#InsiderTrading #StockMarket #Rio2Limited

https://finance.yahoo.com/news/insider-stock-buying-reaches-us-124543692.html