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Featured below are 10 companies that have experienced recent insider buying activity in the public market through their direct and indirect ownerships. Insider trading activity is noticeable light ahead of the first-quarter earnings reporting season.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. I tend to put great weight on insider transaction activities when I see multiple insiders buying shares of a company.

Arizona Mining Inc. (AZ-T)

On April 20, board member Robert Wares bought 28,800 shares at a price of $1.94 per share. On April 18, he purchased 77,900 shares. He bought 4,200 shares on April 17.

Equitable Group Inc. (EQB-T)

On April 18, Stephen Smith, with an ownership position of over 10 per cent, purchased 88,400 shares at a price of $63 per share. The prior day, he accumulated 50,000 shares at a price of $62.7381 per share.

Lithium Americas Corp. (LAC-T)

On April 18, Gabriel Rubacha, who sits on the board of directors, purchased 289,180 shares. The following day, Mr. Rubacha acquired 10,820 shares at a price of 95 cents per share, bringing his portfolio's position up to 462,000 shares.

On April 17, chief technical officer David Deak, purchased 51,000 shares at a price of 94 cents per share, increasing his portfolio's position to 246,000 shares.

Plaza Retail REIT (PLZ.UN-T)

Chief investment officer Peter Mackenzie bought 10,000 units at a price of $4.9333 per unit on April 19, increasing his portfolio's position to 50,000 units.

Premier Gold Mines Ltd. (PG-T)

In a relatively small transaction, president and chief executive officer Ewan Downie accumulated 10,000 shares at a price of $2.91 per share on April 19, lifting his portfolio's position to 3,760,278 shares.

Pure Multi-Family REIT LP (RUF.UN–X)

On April 7, board member James Redekop purchased 20,000 units at a price of $8.91 per unit.

Tamarack Valley Energy Ltd. (TVE-T)

Investment manager GMT Capital Corp., with an ownership position of over 10 per cent, continues to accumulate shares. Last week, on April 18, 144,900 shares were acquired and the prior day 158,000 shares were purchased.

Tidewater Midstream and Infrastructure Ltd. (TWM-X)

Management continues to steadily accumulate shares. President and chief executive officer Joel MacLeod bought 61,000 shares at a price of $1.357 per share on April 19.

Last week, we reported that Mr. MacLeod purchased 45,000 shares at a price of $1.52 per share on April 10, and board member Doug Fraser bought 50,000 shares at a price of $1.52 per share that same day, increasing his portfolio's holdings up to 152,700 shares.

Tourmaline Oil Corp. (TOU-T)

Chairman, president and chief executive officer Michael Rose resumed his buying activity, accumulating 5,000 shares on April 19, and purchasing 2,500 shares on April 13 at a price of $28.68 per share. Following these transactions, his portfolio position stood at 11,129,826 shares.

Whitecap Resources Inc. (WCP-T)

Chairman, president and chief executive officer Grant Fagerheim accumulated 10,000 shares at a price of $9.76 per share on April 21, increasing his portfolio's position to 1,888,625 shares.

Chief financial officer Thanh Kang added 2,800 shares at a price per share of $9.73 on April 21, increasing his portfolio's position to 70,623 shares.

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