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Inside the Market Tuesday’s Insider Report: CEO cashes out over $900,000 from this spiking 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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Let’s begin the report featuring two companies that have had insider buying activity.

Listed below is a stock that have had recent insider buying activity.

Guardian Capital Group Ltd. (GCG-T; GCG.A-T)

Recently, two insiders completed relatively small transactions.

On April 15, chief compliance officer Matt Turner invested roughly $23,000 with the purchase of 1,000 common shares at an average price per share of approximately $22.99.

On April 12, Petros Christodoulou, who sits on the board of directors, bought 1,100 Class A shares an an average cost per share of roughly $22.92, initiating a position in this account. The cost of this investment was approximately $25,000.

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Listed below is a stock that has had recent selling activity reported by an insider.

CI Financial Corp. (CIX-T)

On April 10, David Pauli, who sits on the board of directors of CI Investments Inc.(a subsidiary of CI Financial Corp.), sold 7,100 shares at a price per share of $18.5422 with 560,000 shares remaining in his account. Gross proceeds from the sale exceeded $131,000.

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Listed below are two stocks that have had mixed trading with both insider buying and selling activity reported.

EXFO Inc. (EXF-T)

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Between April 11 and April 18, chief financial officer Pierre Plamondon acquired a total of 21,400 shares at an average price per share of approximately $5.6785, which lifted this account's holdings to 119,805 shares. The cost of these purchases exceeded $121,000.

In a separate account in which he has indirect ownership, he sold a total of 6,874 shares at a price per share of $5.65 on April 10 and April 11, eliminating this account's holdings.

MAG Silver Corp. (MAG-T)

The share price spiked from below $10 in late-January to over $15 in late-March, before retreating to the current $12 level.

President and chief executive officer George Paspalas has been a seller in the public market.

On April 12, Mr. Paspalas exercised his options at a price per share of $5.35 and sold the corresponding number of shares received (75,000) at a price per share of $13.187. Net proceeds amounted to approximately $587,000.

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On April 15, Mr. Paspalas exercised his options, receiving 190,733 shares at a cost per share of $5.35. On April 15 and April 16, he sold a total of 44,300 shares at an average price per share of roughly $13.026. After these transaction, his account balance stood at 185,983 shares. Net proceeds from the sales on April 15 and 16 totaled approximately $340,000.

Month-to-date, net proceeds from these sales in the public market have totaled over $900,000.

On April 12, director Jill Leversage acquired 5,000 shares at an average cost per share of $13.18104, increasing her account’s holdings to 7,500 shares. The cost of this investment was approximately $66,000.

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