Stephen J. Goodman, the President and CFO of Lion Copper & Gold Corp. (OTC:LCGMF), recently engaged in significant trading of the company's stock, according to recent SEC filings. Goodman sold a total of 2,500,000 shares at prices ranging from CAD $0.0769 to CAD $0.085, resulting in a total transaction value of approximately $201,342.
The filings also showed that Goodman acquired 2,500,000 shares through the exercise of options at a price of $0.06 per share, amounting to a total of $150,300. Following these transactions, the executive's direct ownership in the company was adjusted to reflect the new totals.
These transactions are part of the regular disclosures that executives of publicly traded companies are required to make regarding their trading activities. Investors often monitor these filings for insights into the behavior of company insiders, as their trading patterns can sometimes provide signals about the company's future prospects.
Lion Copper & Gold Corp., with its business address in Vancouver, Canada, operates in the metal mining sector and is known by its former name, Quaterra Resources Inc. The company's stock is traded under the ticker symbol LCGMF.
It is important to note that the prices mentioned are in Canadian dollars, as indicated by the footnotes in the SEC filing. The reported transactions represent a snapshot of Goodman's trading activity and offer a glimpse into the movement of shares by a key executive within the company.
InvestingPro Insights
Amid the trading activity by Stephen J. Goodman, President and CFO of Lion Copper & Gold Corp. (OTC:LCGMF), investors may find additional context in the company's financial health and market performance. According to the latest data, Lion Copper & Gold Corp. is currently navigating the market with a modest market capitalization of $22.37 million USD. Notably, the company's Price / Book ratio as of the last twelve months stands at 5.14, suggesting a premium compared to the book value of its assets.
An InvestingPro Tip reveals that LCGMF holds more cash than debt on its balance sheet, which may offer some financial flexibility in its operations. However, another tip points to weak gross profit margins, which could be a concern for potential investors considering the company's ability to turn revenues into profits. Additionally, Lion Copper & Gold Corp. has not been profitable over the last twelve months, a factor that must be weighed alongside its trading at a high Price / Book multiple and the fact that it does not pay a dividend to shareholders.
For those looking to delve deeper into the financial nuances of Lion Copper & Gold Corp., there are additional InvestingPro Tips available at https://www.investing.com/pro/LCGMF. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to a comprehensive list of tips that provide further insights into the company's financial standing and market potential.
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