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.
Let's begin the report featuring three stocks that have had recent insider buying activity.
Amerigo Resources Ltd. (ARG-T)
Between July 11 and July 20, Nick Toor, with an ownership position exceeding 10 per cent, bought a total of 343,000 shares at an average price per share of approximately 90 cents per share for an account in which he has control or direction over (Luzich Partners LLC), boosting the account’s position to 22,526,400 shares. On July 16 and July 17, Mr. Toor acquired a total of 28,000 shares in his personal account, lifting his account balance to 2,328,000 shares.
Surge Energy Inc. (SGY-T)
Between July 16 and July 19, president and chief executive officer Paul Colborne purchased a total of 30,168 shares across three accounts. He bought 1,240 shares for his personal account at an average price per share of approximately $2.50, lifting his portfolio’s position to 4,291,459 shares. He accumulated 1,744 shares for an account in which he has indirect ownership, and bought 27,184 shares for a second account in which he has indirect ownership.
Whitecap Resources Inc. (WCP-T)
On July 19, president and chief executive officer Grant Fagerheim purchased a total of 15,000 shares for two accounts. For his personal account, he acquired 10,000 shares at a price per share of $8.8757, increasing his portfolio’s position to 2,021,324 shares. For an account in which he has control or direction over, he bought 5,000 shares at a cost per share of $8.8751, raising the account’s holdings to 648,089 shares.
The following stock has had recent insider selling activity.
Premier Gold Mines Ltd. (PG-T)
Between July 12 and July 19, chief financial officer Steve Filipovic exercised his options and sold the corresponding number of shares (80,000) at an average price per share of approximately $2.75. After these transactions, his account held 250,751 shares.
On July 11, John Seaman, who sits on the board of directors, exercised his options and sold the corresponding number of shares (47,500) at a price per share of $2.74 with 154,605 shares remaining in his account.