Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich.MICHAEL DALDER/Reuters
Featured below are nine companies that have experienced recent insider buying and selling activity in the public market through their direct and indirect ownerships.
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 detailing companies with buying activity.
Alamos Gold Inc. (AGI-T)
In relatively small transactions, two executive management members recently purchased shares.
Jamie Porter, the company's chief financial officer, acquired 4,410 shares at an average price per share of $8.31 on May 24, increasing his portfolio's holdings to 66,422 shares.
That same day, Scott Parsons, vice-president of investor relations, bought 1,200 shares at an average price per share of $8.35, raising his ownership position to 14,755 common shares.
Barkerville Gold Mines Ltd. (BGM-X)
On May 30, Osisko Mining Inc. purchased 2,022,000 shares in the public market at an average price per share of $1.10, increasing its ownership position to 62,025,270 shares.
Last week, we reported that chief financial officer Andres Tinajero bought 100,000 shares at an average price per share of 95 cents on May 18, lifting his portfolio's position to 550,000 shares.
Cominar Real Estate Investment Trust (CUF.UN-T)
On May 23, Alain Dallaire, executive vice-president of office and industrial and asset management operations, acquired 9,900 units at an average price per unit of $13.35, raising his ownership position to 105,357 trust units.
Last week, we reported that three insiders acquired units in the public market.
Chief financial officer Gilles Hamel bought 7,600 units at an average price per unit of $13.17 on May 18, increasing his portfolio's position to 37,113 units.
The prior day, Michael Dallaire, chief executive officer and chairman of the board of trustees, purchased 26,000 units, and Luc Bachand, who sits on the board of trustees, accumulated 2,000 units at an average price per unit of $13.13, lifting his portfolio's holdings to 6,700 units.
ECN Capital Corp. (ECN-T)
On May 26, chairman of the board of directors William Lovatt bought 100,000 shares at an average price per share of $3.80, increasing his portfolio's position to 600,000 shares. The prior trading week, Jim Nikopoulos, the president of the company, acquired 263,857 shares at an average price per share of $3.86 on May 16 and bought 655,789 shares at an average price per share of $3.78 on May 15, taking his ownership position up to 1,692,912 shares.
NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN-T)
Chief executive officer Paul Dalla Lana bought 25,000 units at an average price per unit of $10.6021 on May 19. This transaction lifted the portfolio's position to 2,034,593 units.
Summit Industrial Income REIT (SMU.UN-T)
In a relatively small transaction, chairman of the board of trustees Louis Maroun acquired 5,819 units at an average unit price of $6.83 on May 19.
Surge Energy Inc. (SGY-T)
President and chief executive officer Paul Colborne has been an active buyer of the stock.
During the month of May, he reportedly purchased a total of 65,352 shares over a number of trading sessions for several accounts.
In addition, Paul Ferguson, the company's chief financial officer, reportedly purchased 8,000 shares in the public market during the month.
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Recent insider selling activity has occurred in the following companies.
Sleep Country Canada Holdings Inc. (ZZZ-T)
The president of Dormez-vous? and chief business development officer Stewart Schaefer has been an active seller. He sold 2,000 shares on May 29, divested 5,700 shares on May 25, and sold 9,300 shares on May 23. After these transactions, his portfolio's position stood at 338,287 shares.
In previous weeks, we reported that Christine Magee, co-founder and executive co-chair, sold 30,000 shares at an average price per share of $38.05 on May 18, trimming her portfolio's position to 598,198 shares.
Mr. Schaefer sold 10,000 shares on May 16.
In addition, David Howcroft, senior vice-president of sales, sold 22,985 shares at an average price per share of $39 on May 12, reducing his portfolio's position to 9,357 shares.
UrtheCast Corp. (UR-T)
George Tyc, chief technology officer and co-founder, has been trimming his portfolio's position. For instance, on May 25, he sold 21,300 shares at an average price per share of $1.191 and the prior day, he sold 91,600 shares at an average price per share of $1.303. He also completed sell orders on May 23 and May 19.
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Jennifer Dowty