Tuesday’s Insider Report: Large shareholders are buying these three securities

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A look at recent notable transactions

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.

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.

Between March 6 and April 5, Mr. Sprott, with an ownership position exceeding 10 per cent, completed 10 trades. He acquired a total of 611,700 shares at an average price per share of approximately $2.42 for an account in which he has indirect ownership , increasing the holdings in this particular account to 30,007,804 shares. The cost of these purchases exceeded $1.4-million.

Executive vice-president of operations Blake Reid exercised his options, receiving 13,000 shares at a cost per share of $7.28, and sold 13,000 shares at a price per share of $27.75. Net proceeds exceeded $266,000, not including any associated transaction fees.

Insider Account Activity Shares Company Cost Ownership Eric Sprott Ontario Ltd. Blake Reid

 

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