Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below are four stocks that have had recent selling activity in the public market reported by insiders.
Canadian Natural Resources Ltd. (CNQ-T)
On Jan. 21, director Steve Laut sold 4,300 shares at a price per share of $49.75, trimming the holdings in this particular account to 878,650 shares. Proceeds from the sale exceeded $213,000, excluding commission charges.
Dollarama Inc. (DOL-T)
On Jan. 22, vice president of global procurement John Assaly sold 2,173 shares at a price per share of $193.017, after which this particular account did not hold any shares. Proceeds from the sale totaled more than $419,000, not including trading fees.
Previously, we reported director Huw Thomas sold 2,000 shares at a price per share of $201.41 on Jan. 21, trimming the holdings in this particular account to 2,000 shares. Proceeds from the sale exceeded $400,000, not including commission charges.
On Jan. 2, Dollarama’s share price closed at a record high of $206.17. Since then, the stock has tumbled into correction territory , declining 11 per cent.
Globex Mining Enterprises Inc. (GMX-T)
Between Jan. 14-22, director Johannes van Hoof sold a total of 168,500 shares at an average price per share of approximately $2.495 across two accounts, after which one account did not hold any shares and a different account held 625,500 shares. Proceeds from the sales totaled more than $420,000, not including trading fees.
Kelt Exploration Ltd. (KEL-T)
On Jan. 21, vice president of production Alan Franks exercised his options, receiving 150,000 shares at an average cost per share of approximately $3.59, and sold 150,000 shares at a price per share of $7.95, after which this specific account held 19,158 shares. Net proceeds totaled more than $653,000, excluding any associated transaction charges.
Between Jan. 19-21, vice president of operations Douglas MacArthur exercised his options, receiving a total of 60,000 shares at a cost per share of $2.72, and sold 60,000 shares at an average price per share of roughly $7.93, leaving 795,641 shares in this particular account. Net proceeds exceeded $312,000, not including any associated transaction fees.
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