Eastmain Resources (ER) Trading Up 4.8% After Insider Buying Activity

Eastmain Resources Inc (TSE:ER) was up 4.8% during trading on Tuesday following insider buying activity. The company traded as high as C$0.22 and last traded at C$0.22. Approximately 273,000 shares traded hands during trading, an increase of 16% from the average daily volume of 235,569 shares. The stock had previously closed at C$0.21.

Specifically, Director Michael Hoffman purchased 150,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were purchased at an average price of C$0.22 per share, for a total transaction of C$33,000.00. Insiders bought a total of 220,000 shares of company stock worth $46,500 in the last 90 days.

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Eastmain Resources Company Profile (TSE:ER)

Eastmain Resources Inc, together with its subsidiary, Eastmain Mines Inc, engages in the acquisition and exploration of mineral resource properties in Canada. The company primarily explores for precious metals, gold, silver, copper, and zinc. It holds 100% interests in the Clearwater Project covering an area of 200.68 square kilometers located in the central portion of the Eastmain River Greenstone Belt within the James Bay Mining District of Québec; and the Eastmain Mine Project comprising 152 mineral claims covering an area of approximately 8,014 hectares located in Upper Eastmain River Greenstone Belt of the James Bay District of Northern Québec.

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