Detour Gold Storage Dome at Detour Lake mine.
Featured below are companies that have experienced recent insider buying 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.
Detour Gold Corp. (DGC-T)
On Aug. 1, president and chief executive officer Paul Martin purchased 6,250 shares at an average cost per share of $15.43, lifting his portfolio's position to 102,077 shares.
First National Financial Corp. (FN-T)
On July 28, newly appointed board member Robert Pearce purchased 3,500 shares at an average price per share of $24.75, increasing his portfolio's position to 7,500 shares.
Precision Drilling Corp. (PD-T)
On Aug. 1, president and chief executive officer Kevin Neveu acquired 50,000 shares at an average cost per share of $3.69, raising his portfolio's holdings to 602,596 shares.
The same day, Brian Gibson, who sits on the board of directors, purchased 35,000 shares at an average price per share of $3.58 for an account in which he has indirect ownership, initiating a portfolio position.
Westport Fuel Systems Inc. (WPRT-T)
On July 27, the chair of the board of directors Brenda Eprile bought 49,504 shares, and the following day, accumulated 37,379 shares, raising her portfolio's position to 96,083 shares.
On July 21, the chief executive officer Nancy Gougarty purchased 90,142 shares at an average cost of $1.6266 (U.S.) per share, increasing her portfolio's holdings to 179,660 shares.
On July 19, the firm's chief financial officer Ashoka Achuthan acquired 67,500 shares at an average price per share of $1.5864 (U.S.), taking his portfolio's position up to 70,245 shares.
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The following company has had recent selling activity.
Mitel Networks Corporation (MNW-T)
On July 31, president and chief executive officer Richard McBee, exercised his options and on the same day, he sold the corresponding number of shares (130,000) at an average price per share of $8.35 (U.S.).
The prior week, on July 28, Mr. McBee exercised his options and sold the corresponding number of shares (50,000) and on July 24, he exercised his options and sold the corresponding number of shares (80,000). After these transactions, his portfolio balance stood at 267,647 shares.
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Jennifer Dowty