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Mongolian Mining Corporation makes a tidy sum after selling stocks www.news.mn
Despite the fact that Mongolian Mining Corporation stock rose 10 percent last week, insiders who sold USD 791 thousand worth of stock in the previous 12 months are likely to be better off. Selling at an average price of USD 3.96, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.
Insiders own 7.0 percent of Mongolian Mining shares, worth about HKD 151 million. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
Published Date:2022-10-19
