On March 22, 2019, Investments Scandium, a 10% Owner, purchased 1,111,111 shares of Scandium International Mining Corp (TSX:SCY) as reported in the SEC Filing. This transaction marks a significant insider buy for the company, which specializes in the exploration and development of scandium resources.
Scandium International Mining Corp is engaged in the exploration and development of mineral properties. The company focuses on the development of scandium, rare earth minerals, and other critical metals.
The shares were acquired at a price of C$0.18 per share, valuing the transaction at approximately C$200,000. This purchase by the insider has occurred at a time when the company’s market cap stands at C$5.214 million.
The company’s current price-earnings ratio is 9,999.00, significantly higher than both the industry median of 18.2 and its historical median, indicating a premium valuation compared to its earnings.
Over the past year, there…
