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 is a stock that has had recent buying activity in the public market reported by a large shareholder.
Mattr Corp. (MATR-T)
Between Jan. 8-22, Ed Kernaghan, with an ownership position exceeding 10 per cent, bought a total of 605,100 shares across several accounts at an average price per share of approximately $8.15. The cost of these purchases totaled nearly $5-million, not including trading fees.
On Nov. 12, the company reported third-quarter financial results that fell short of the Street’s expectations and management provided a soft outlook for the fourth quarter. The following day, the share price tumbled over 20 per cent on high volume.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Almonty Industries Inc. (AII-T)
On Jan. 21, director Mark Trachuk sold 111,000 shares at an average price per share of roughly US$9.90, trimming the holdings in this particular account to 1,159,558 shares. Proceeds from the sale totaled nearly US$1.1-million, excluding commission charges.
Fortuna Mining Corp. (FVI-T)
On Jan. 16, president, chief executive officer and director Jorge Ganoza sold 25,000 shares at a price per share of US$10.31, leaving 1,187,864 shares in this particular account. Proceeds from the sale totaled more than US$257,000, not including trading fees.
Peyto Exploration and Development Corp. (PEY-T)
Between Jan. 13-16, vice president of drilling and completions Lee Curran exercised his options, receiving a total of 83,000 shares at an average cost per share of approximately $14.23, and sold 83,000 shares at an average price per share of roughly $22.81. Net proceeds totaled more than $712,000, not including any associated transaction fees. After these transactions, this particular account held 421,844 shares.
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