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.
Let’s begin the report featuring two companies that have had insider buying activity.
Alaris Royalty Corp. (AD-T)
On July 3, Chairman Jack Lee purchased 5,000 shares at an average price per share of approximately $15.73, increasing his portfolio’s position to 215,337 shares.
Melcor Real Estate Investment Trust (MR-UN-T)
On July 4, Darin Rayburn, the President and Chief Executive Officer of Melcor Developments Ltd., purchased 1,470 shares in his personal account at an average price per share of $8.10, raising his portfolio balance to 141,250 shares. That day, he also acquired 1,761 shares for an account in which he has control or direction over at an average price per share of approximately $8.11, increasing the account’s holdings to 3,561 shares.
Surge Energy Inc. (SGY-T)
In two relatively small transactions, on July 6, the Chief Financial Officer Paul Ferguson purchased 1,500 shares at a price per share of $2.395. On July 3, he bought 7,000 shares at a cost per share of $2.31. After these transactions, his portfolio held 135,284 shares.
In a previous issue, we reported that between June 7 and June 28, the President and Chief Executive Officer Paul Colborne purchased a total of 164,166 shares for his personal account, lifting his portfolio’s position to 4,288,647 shares.
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The following stock has had recent insider selling activity.
Continental Gold Inc. (CNL-T)
On July 4, Chairman Leon Teicher exercised his options and sold the corresponding number of shares (100,000) at a price per share of $3.8458, leaving 174,313 shares in his account.