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Inside the Market Friday’s Insider Report: Insider invests over $300,000 in this security yielding over 8%

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.

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Let's begin the report featuring a security that has had recent insider buying activity.

SIR Royalty Income Fund (SRV.UN-T)

On Oct. 2, William Frederick Irvine, with an ownership position exceeding 10 per cent, acquired 10,000 units at a price per unit of $16.0485. On Sept. 28, Mr. Irvine bought 10,000 units at a cost per unit of $16.0627. After these transactions, his portfolio held 807,949 units. The total cost of these purchases amounted to over $300,000.

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The following three stocks have had recent selling activity reported by insiders.

Ero Copper Corp. (ERO-T)

On Oct. 2, chief financial officer Wayne Drier exercised his options and sold the corresponding number of shares received (100,000), leaving 166,333 shares in his account.

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Ivanhoe Mines Ltd. (IVN-T)

On Oct. 4, Elia Mikhael, vice-president – infrastructure, exercised his options and sold the corresponding number of shares received (200,000) at an average price per share of approximately $2.97 with 162,230 shares remaining in his account. Proceeds totaled just under $600,000.

On Oct. 2, chief financial officer Marna Cloete exercised her options and sold the corresponding number of shares received (100,000) at an average price per share of approximately $2.99, leaving 137,876 shares in her portfolio.

Pretium Resources Inc. (PVG-T)

On Oct. 1, chief exploration officer Kenneth McNaughton sold 30,000 shares at a price per share of $9.90. The previous trading day, on Sept. 28, he divested 100,000 shares at a price per share of $9.90. After these transactions, his portfolio balance stood at 300,500 shares. Proceeds from these sales totaled just under $1.3-million.

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