BAA News! from The Globe and Mail: CEO buys as Banro turns a profit
TED DIXON
Special to The Globe and Mail
Published Friday, Jun. 19, 2015 5:22PM EDT
In 2013, Democratic Republic of the Congo-focused Banro Corp. saw its share price tumble as gold prices dropped and concerns rose over a rebellion by M23 rebels. Although the rebel group has been disbanded, there remain other insurgents still stirring up trouble. Nevertheless, on May 13, Banro reported a first quarter profit of 3 cents a diluted share, up from nil a year earlier. This month, CEO John Clarke bought 100,000 shares and officer Arnold Kondrat bought 275,000 shares between 44 and 46 cents.
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