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 two stocks that have had recent buying activity in the public market reported by billionaire businessman Eric Sprott.
Andean Precious Metals Corp. (APM-X)
Between Oct. 2-4, Mr. Sprott, with an ownership position exceeding 10 per cent, bought a total of 265,900 shares at an average price per share of approximately $1.40 for an account in which he has indirect ownership (2176423 Ontario Ltd.), lifting the holdings in this specific account to 23,025,238 shares. The cost of these purchases exceeded $371,000, not including commission charges.
Year-to-date, Andean’s share price has rallied 139 per cent.
Erdene Resource Development Corp. (ERD-T)
On Oct. 2 and 3, Mr. Sprott, with an ownership position exceeding 10 per cent, invested over $342,000 in shares of Erdene. He acquired a total of 500,000 shares at an average price per share of approximately 68 cents for an account in which he has indirect ownership (2176423 Ontario Ltd.), increasing the holdings in this particular account to 62,383,988 shares.
Year-to-date, Erdene’s share price is up 94 per cent.
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Listed below are two securities have had recent selling activity in the public market reported by insiders.
Dollarama Inc. (DOL-T)
On Oct. 2, director Huw Thomas sold 2,000 shares at a price per share of $137.725, reducing the holdings in this particular account to 6,000 shares. Proceeds from the sale totaled over $275,000, excluding commission charges.
Mr. Thomas is the former chief executive officer of SmartCentres Real Estate Investment Trust (SRU-UN-T).
Sprott Inc. (SII-T)
Between Oct. 2-4, managing partner, chief controller and treasurer Vinny Bhathal sold a total of 8,315 shares at an average price per share of roughly $60.84. Proceeds from the sales totaled more than $505,000, not including trading fees. After these transactions, this particular account held 97,583 shares.
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