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Summary

  • 3 insiders purchased NGEx Resources stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 2 of these 3 insiders increased their holdings by more than 10%.

NGEx Resources (OTCPK:NGQRF) is engaged in the acquisition, exploration, and development of mineral properties.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of NGEx Resources' insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedProspectusCurrent OwnershipIncrease In Shares
Lorito Holdings10% OwnerJune 171,750,000Yes18,000,000 shares+10.8%
Lukas LundinChairmanMay 22-26150,000No1,651,844
shares
+10.0%
Zebra Holdings and Investments10% OwnerJune 171,750,000Yes19,161,841
shares
+10.1%

There have been 3,650,000 shares purchased by insiders during the last 30 days. Lorito Holdings and Zebra Holdings purchased their shares pursuant to a private placement.

Insider buying by calendar month

Here is a table of NGEx Resources' insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
June 20143,500,0000
May 2014150,0000
April 201443,3000
March 201400
February 201400
January 201400
December 20137,5000
November 201317,9100
October 201300
September 20134,3000
August 201300
July 201300
June 201311,1000
May 201300
April 201300
March 201300
February 201300
January 20132,000,0000

There have been 5,734,110 shares purchased and there have been zero shares sold by insiders since January 2013. The month of June 2014 has seen the most insider buying.

Financials

NGEx Resources reported the first-quarter financial results on May 5 with the following highlights:

Revenue$0
Net lossC$9.4 million ($8.7 million)
CashC$10.8 million ($10.0 million)

(click to enlarge)

(Source: Investor presentation)

The three insiders purchased their shares after these results. On June 16, NGEx Resources closed a $32 million financing.

Upcoming milestones

NGEx Resources' upcoming milestones include a Preliminary Economic Assessment for the Los Helados project in the fourth quarter of 2014.

(click to enlarge)

(Source: Investor presentation)

Competition

NGEx Resources' competitors include Taseko Mines (NYSEMKT:TGB), and Copper Mountain Mining Corporation (OTCPK:CPPMF). Here is a table comparing these companies.

CompanyNGQRFTGBCPPMF
Market Cap:346.83M434.84M253.92M
Qtrly Rev Growth (yoy):N/A0.750.11
Revenue:N/A308.43M220.30M
EBITDA:-17.39M47.20M47.18M
Net Income:-18.99M-30.86M-12.09M
EPS:-0.11-0.17-0.12
P/E:N/AN/A-0.12
P/S:N/A1.371.08
P/B:23.371.081.29

NGEx Resources doesn't have any revenues yet.

Here is a table of these competitors' insider activities during the last three months.

CompanyInsider buying / sharesInsider selling / shares
TGB0532,000
CPPMF00

Only NGEx Resources has seen intensive insider buying during the last 30 days.

(click to enlarge)

(Source: Investor presentation)

Conclusion

There have been three different insiders buying NGEx Resources, and there have not been any insiders selling NGEx Resources during the last 30 days. Two of these three insiders increased their holdings by more than 10%.

(click to enlarge)

(Source: Investor presentation)

The three insiders purchased their shares at prices ranging from $1.78 (C$1.92) to $1.86 (C$2.01). I believe NGEx Resources could be a good pick below $1.86 based on the intensive insider buying.

(click to enlarge)

(Source: Investor presentation)

Editor's Note: This article discusses one or more securities that do not trade on a major exchange. Please be aware of the risks associated with these stocks.

Source: NGEx Resources: 3 Different Insiders Have Purchased Shares During The Last 30 Days