Metals Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Platinum Group Metals (PLG) Shares Enter Oversold Territory
Friday, May 26, 11:38 AM ET, by Market News Video Staff

In trading on Friday, shares of Platinum Group Metals Ltd (PLG) entered into oversold territory, ...

Midway Gold Corp Shares Slide 12.6% Below Wolfus's Purchase Price

By Metals Channel Staff, Tuesday, November 22, 12:01 PM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 12, Midway Gold Corp's Chief Executive Officer, Daniel E Wolfus, invested $97,800.00 into 37,500 shares of MDW, for a cost per share of $2.61. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Midway Gold Corp (MDW) and achieve a cost basis 12.6% cheaper than Wolfus, with shares changing hands as low as $2.28 per share. Midway Gold Corp shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of MDW shares, versus its 200 day moving average:

Midway Gold Corp Chart

Looking at the chart above, MDW's low point in its 52 week range is $0.62 per share, with $3.03 as the 52 week high point that compares with a last trade of $2.36. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/05/2011 Daniel E Wolfus Chief Executive Officer 30,000 $2.06 $61,800.00
09/02/2011 Daniel E Wolfus Chief Executive Officer 22,500 $2.64 $59,350.00
09/07/2011 Daniel E Wolfus Chief Executive Officer 28,000 $2.61 $73,060.00
09/12/2011 Daniel E Wolfus Chief Executive Officer 37,500 $2.61 $97,800.00

MDW operates in the Precious Metals sector, among companies like Entree Gold Inc (AMEX:EGI) which is up about 6.1% today, and Platinum Group Metals Ltd. (AMEX:PLG) trading higher by about 5.4%. Below is a three month price history chart comparing the stock performance of MDW, versus EGI and PLG.

MDW,EGI,PLG Relative Performance Chart


The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.

This Article's Word Cloud:   AMEX   Back   Bargain   Below   Channel   Cheaper   Chief   Corp   Daniel   Entree   Executive   Flexible   Free   Gold   Group   Growth   Insider   Metals   Midway   Officer   Wolfus   about   asset   below   buying   cash   chart   cost   designed   hunters   insider   last   like   only   performance   point   portfolio   reason   share   shares   stock   that   their   there   this   trading   versus   week   which   with

Midway Gold Corp Shares Slide 12.6% Below Wolfus's Purchase Price | | Copyright © 2010 - 2018, All Rights Reserved

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.