EVP David Savarie bought 6,500 shares of IAUX at $1.40; holdings rise to 369.7K shares amid -31.2% YTD decline and cluster buying by 3 insiders.
Savarie, as EVP and General Counsel, purchased 6,500 shares at $1.40 on 2026-03-25, expanding his position to 369.7K shares. This buy occurs while the stock trades -31.2% from its 52-week high and has declined -25.5% over the past 30 days. His prior trades at IAUX show 3 of 5 prior buys were well-timed at the 90-day mark, with the most recent buy on 2025-11-17 returning +44.8% over 30 days and +84.8% over 90 days. The company reported $32.0M quarterly revenue with annual growth of +89.1%, yet remains unprofitable with a -$41.9M net income. The transaction coincides with a cluster pattern: 2 other insiders also purchased shares within the past 14 days, suggesting collective conviction despite the stock's recent weakness and unprofitable operating status.