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Inside the Market Thursday’s Insider Report: CFO cashes out nearly $790,000 in this high-flying dividend stock

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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Listed below are two stocks that have had recent insider buying activity.

Pipestone Energy Corp. (PIPE-X)

On April 8, chief operating officer Bob Rosine invested approximately $50,000 in shares of the company. He purchased 25,000 shares at an average price per share of roughly $1.99, raising his portfolio’s position to 28,000 shares.

Between March 29 and April 5, director Geeta Sankappanavar acquired a total of 30,000 shares at an average cost per share of approximately $2.03 for an account in which she has control or direction over (Grafton TCC), increasing the account’s holdings to 40,935 shares. The cost of these trades exceeded $60,000.

Trevali Mining Corp. (TV-T)

In two relatively small transactions, on April 9 and April 10, Russell Ball, who sits on the board of directors, purchased a total of 70,000 shares at an average cost per share of roughly 46 cents, which increased his account’s holdings to 217,000 shares.

On April 9, chair Jessica McDonald bought 100,000 shares at a price per share of 46.5 cents, boosting her account balance to 135,100 shares.

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Listed below are two stocks that have had recent selling activity reported by insiders.

Emera Inc. (EMA-T)

Year-to-date, the share price has rallied over 15 per cent with the stock currently yielding 4.6 per cent. The share price is near an all-time high.

On April 8 and April 9, the company’s chief financial officer Greg Blunden exercised his options at an average cost per share of approximately $40.39, and sold the corresponding number of shares received (78,950) at a price per share of $50.3904, leaving 939 shares in his account. Net proceeds totaled nearly $790,000.

Sandstorm Gold Ltd. (SSL-T)

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On April 9 and April 12, chairman David De Witt exercised his options at a cost per share of $2.93 and sold the corresponding number of shares received (104,000) at an average price per share of approximately $7.60 with 804,585 shares remaining in his account. Net proceeds amounted to over $480,000.

On April 9 and April 10, co-founder, senior executive vice-president and director David Awram exercised his options at a cost per share of $2.93 and sold the corresponding number of shares (50,000) at a price per share of $7.59, leaving 528,440 shares in his account. Net proceeds totaled roughly $230,000.

On April 4 and April 5, chief financial officer Erfan Kazemi exercised his options at a cost per share of $2.93 and sold the corresponding number of shares (315,000) at a price per share of $7.147 with 3,068 shares remaining in this account. Net proceeds totaled approximately $1.3-million.

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