In a recent SEC filing, Tony L. Alford, a director and significant shareholder of Lion Copper & Gold Corp. (OTC:LCGMF), disclosed the purchase of 14 million common shares. The shares were acquired at a price of $0.045 each, totaling $630,000. Following this transaction, Alford's direct ownership increased to over 83.6 million shares. This transaction highlights Alford's continued investment in the company, which operates in the metal mining sector.
InvestingPro Insights
Tony L. Alford's recent purchase of Lion Copper & Gold Corp. (OTC:LCGMF) shares comes at an interesting time for the company. According to InvestingPro data, LCGMF has a market capitalization of $22.05 million USD, which puts Alford's $630,000 investment into perspective.
InvestingPro Tips reveal that the stock has taken a significant hit over the last week, with a 1-week price total return of -7.52%. This recent dip might have presented what Alford perceived as a buying opportunity. However, it's worth noting that the company is not profitable over the last twelve months, with a negative operating income of -$7.47 million USD for the same period.
Another InvestingPro Tip indicates that LCGMF holds more cash than debt on its balance sheet, which could be seen as a positive factor in the mining sector where capital expenditures can be significant. This cash position might provide some reassurance to investors like Alford who are increasing their stakes in the company.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide further context to Alford's investment decision and the company's financial health. Currently, there are 6 additional InvestingPro Tips available for LCGMF, which could offer valuable insights into the company's performance and prospects.
In a recent SEC filing, Tony L. Alford, a director and significant shareholder of Lion Copper & Gold Corp. (OTC:LCGMF), disclosed the purchase of 14 million common shares. The shares were acquired at a price of $0.045 each, totaling $630,000. Following this transaction, Alford's direct ownership increased to over 83.6 million shares. This transaction highlights Alford's continued investment in the company, which operates in the metal mining sector.
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