President/CEO Mullin buys 80,000 shares of RYES at $0.25; 2 other insiders also bought within 14 days as stock trades -34.5% from 52-week high
Mullin Joseph E III, President and CEO of Rise Gold Corp., purchased 80,000 shares at $0.25, increasing his holdings by 12.9% to 701,095 shares post-transaction. This buy arrives amid a cluster of insider buying activity, with 2 other insiders also purchasing within the past 14 days, suggesting coordinated interest despite the company's recent underperformance: current price of $0.19 is -34.5% from the 52-week high and down 13.6% over 30 days. Mullin's prior transactions at RYES show strong outcomes at the 90-day mark (2 of 3 buys were well-timed), though the company remains unprofitable with zero latest-quarter revenue and $-756,034 net income for the full fiscal year. The clustering and Mullin's historical accuracy at this ticker warrant attention to whether management perceives value at depressed levels.