Banro Corp. fka BAA

[Mohanerie]

Insiders buy as Banro shares bounce

Today we visit Banro Corp. which has recently crossed above its 20-day and 50-day moving averages. It is attempting to overtake its 200-day, but to get there it may well need the price of gold to co-operate. Some insiders have been buying, willing to bet that gold and the company have put their worst days behind. So far this month, director Maurice Colson has acquired 100,000 common shares while executive vice-president Arnold Kondrat has bought 90,000 shares. Banro’s third-quarter combined gold production from Twangiza and Namoya was 46,981 ounces.

http://www.theglobeandmail.com/globe-investor/investment-ideas/insiders-buy-as-banro-shares-bounce/article26959640/?service=mobile