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 stocks that have had recent insider buying activity.
Surge Energy Inc. (SGY-T)
Between June 7 and June 28, 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.
Titan Mining Corp. (TI-T)
Between June 4 and June 28, president and chief executive officer Richard Warke bought a total of 248,100 shares for an account in which he has indirect ownership (Augusta Investments), taking the account’s holdings up to 914,800 shares.
On June 29, Jacqueline Allison, vice-president – investor relations and strategic analysis, acquired 23,000 shares at a price per share of $1.41. The prior day, she purchased 28,000 shares at a cost per share of $1.42. After these two transactions, her account held 54,400 shares.
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The following two stocks have had recent insider selling activity.
Chorus Aviation Inc. (CHR-T)
On June 25, Franco Giampa, vice-president – airports and system operations control at Jazz Aviation LP, sold 53,009 shares at a price per share of $7.18. The previous trading day, on June 22, he divested 16,500 shares at a price per share of $7.50. After these transactions, his portfolio held 5,999 shares.
On June 22, Scott Tapson, president of Voyageur Aviation, exercised his options and sold the corresponding number of shares (56,500) at a price per share of $7.45, leaving 35,186 shares in his account.
Endeavour Silver Corp. (EDR-T)
On June 18, chief executive officer Bradford Cooke exercised his options receiving 100,000 shares. Between June 18 and June 25, he sold a total of 84,100 shares at an average price per share of approximately $4.24 with a remaining portfolio balance of 900,953 shares.
On June 18, Christine West, vice-president- controller, exercised her options and sold the corresponding number of shares (16,000) at a price per share of $4.23, eliminating her portfolio position.
Jennifer Dowty