Petropavlovsk continued its strong performance last week with its half-year trading update. The shares are now up over 200% since we positively rated the stock on management buying on the 30th December 2019. This is what we said:
Pavel Maslovskiy (co-founder in 1994; CEO since June 2018) purchased 17.4 million shares on December 30th at £0.13, spending £2.3 million. Maslovskiy has made several timely purchases in this stock. His last transaction was a purchase on an offering in 2015 at £0.05. Having left the company upon his appointment to the Russian Parliament in 2011, he rejoined the company in 2014 after retiring from Parliament. This is his first open market purchase since re-joining the company. The stock is near a four-year high and this large purchase into strength is interesting. We are ranking the stock +1.