Was watching a Canadian mining company's stock ($AUMBF, 1911 Gold) Go from around 60¢ at the start of the month to $1.02 yesterday. Everything about them seems promising, no debt, one operational mine producing revenue for them, goverment grants to explore and open more mines. and 17% of shares owned by insiders
Then I noticed 2 mutual funds and 1 institute bought shares within the last 3 months.
What does it mean for the stock? Will it continue to steadily go up form here? Does this symbolize investors are confident in the company's future? Will it help protect against the stock crashing as they hold the shares they purchased?