In the last week, the Canadian market has been flat, with the Energy sector dropping 3.1%. Despite this recent stagnation, the market is up 13% over the past year and earnings are forecast to grow by 15% annually. In such an environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence in future performance from those closest to the business.
In the last week, the Canadian market has been flat, with the Energy sector dropping 3.1%, but overall, it is up 13% over the past year and earnings are expected to grow by 15% per annum over the next few years. In this context, growth companies with high insider ownership can be particularly appealing as they often signal confidence from those closest to the business.
Allied Gold Corporation ("Allied" or the "Company") (TSX: AAUC) (OTCQX: AAUCF) is pleased to announce that its common shares will commence trading today on the OTCQX Best Market under the ticker symbol of AAUCF. The OTCQX Best Market is the highest market tier of OTC Markets on which 12,000 U.S. and global securities trade. Trading on OTCQX is expected to enhance the visibility and accessibility of the Company to U.S. investors. Allied's common shares will continue to trade on the Toronto Stock