The Chief Executive Officer of Atico Mining is Exercising Options

By Carrie Williams

Today it was reported that the Chief Executive Officer of Atico Mining (ATCMFResearch Report), Fernando Elias Ganoza, exercised options to sell 140,000 ATCMF shares for a total transaction value of $77K.

This recent transaction decreases Fernando Elias Ganoza’s holding in the company by 31% to a total of $855.5K. In addition to Fernando Elias Ganoza, 3 other ATCMF executives reported Sell trades in the last month.

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Based on Atico Mining’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $14.06 million and quarterly net profit of $1.61 million. In comparison, last year the company earned revenue of $9.58 million and had a GAAP net loss of $352.1K. Currently, Atico Mining has an average volume of 75.51K. ATCMF’s market cap is $54.52 million and the company has a P/E ratio of 9.40.

The insider sentiment on Atico Mining has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Atico Mining Corp. engages in the exploration, extraction, processing, and acquisition of mineral proeperties. Its projects include El Roble mine, located in Carmen de Atrato, Colombia. The company was founded on April 15, 2010 and is headquartered in Vancouver, Canada.