Agnico Eagle Mines Limited, 10% holder of Azimut Exploration Inc. (TSXV:AZM), picked up 1,083,333 Common Shares at an average of $0.60 — a $650K buy on Aug 18, 2026.
The purchase grows their position by 9.8%. 4 other insiders at the company also bought this week. They still hold 12,117,391 shares — a stake worth roughly $7.9M at today's price.
AZM shares are trading around $0.65, up 4.8% in the latest session, down 4% over the past three months, and down 16% this year. The stock has ranged from $0.56 to $1.06 over the past 52 weeks, and still trades 39% below that high. The insider's average price of $0.60 is 8% below where the stock trades today.
Insiders sell for a hundred reasons, but they only buy for one — they think it's going higher.
