Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Aim-listed Oriole Resources (LON: ORR) revealed that its CEO, Tim Livesey, upped his stake in the company, causing its shares to rise on Thursday.
The Oriole chief executive acquired 1,237,905 shares of the company for 0.52p per share, representing 0.08% of the issued share capital.
Livesey now owns 10,382,662 shares following the purchase, representing 0.66% of Oriole's total voting rights.
The purchase follows on from a flurry of recent news in the past couple of weeks that have seen it report:
Oriole's shares are currently up over 10% at 0.53p. However, they are still trading in a range that began during July.
Oriole Resources shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are ORR shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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