This week in Canadian insider trading we saw an increase in
selling in the gas and natural oils industry. This is partially
due to the fact that gas prices are currently low in Canada, and
they show no sign in rising anytime too soon. We also saw a
higher rate of insider activity in the gold and precious metals
industries. These transactions come as the price of gold slides
five significant insider buys
this past week. These buys come as the price of the company is
dwindling around $0.30.
The VP of Operations, Lorne Simpson, bought 850,000 shares at
$0.28. This transaction cost him $238,000. He now holds on to at
least 999,000 shares of YGR.
CFO James Glessing added 38,000 shares to his stake for $0.28
each. This buy cost him $10,640.
Chairman of the Board Gordon Bowerman made three separate
transactions adding a total of 300,000 shares at an average price
of $0.285. These transactions cost Bowerman a total of $85,000
Yangarra is a junior oil and gas company that is engaged in
exploration, development and production of natural gas and oil in
reports that the company has been in an operating loss for the
past three years. Also over the past three years, Yangarra has
issued CAD 27.455 million of debt as well as CAD 49.688 million
worth of new shares.
According to Yangarra's
the company's revenue has been increasing since 2010, but so have
the depreciation, depletion and amortation. This has resulted in
a negative net income for the company.
No gurus currently hold stake in the company.
With its shares down 4.84%, Yangarra currently trades at $0.30.
Amica Mature Lifestyles (
Amica insiders have consistently been making big buys into their
company in the recent months. Two insiders made nine different
buys this week adding a total of 42,000 shares of Amica.
President and CEO Samir Aziz Manji made seven of the nine buys
adding a total of 25,000 shares for an average price of $8.86 per
share. These transactions cost him a total of $221,631.
Director Terence Holland bought 17,200 shares in two different
buys. The shares traded for an average price of $8.80 for a total
amount of $151,500.
These insider buys come as the revenue growth has slowed down.
The price of Amica is also nearing a 52-week high price of $9.61.
Amica Mature Lifestyles is a company that designs, develops,
markets and manages retirement homes.
TSX:ACC data byGuruFocus.com
The Mawer New Canada Fund currently holds 556,993 shares of
With its shares down 0.34%, Amica trades at $8.82.
With its share prices plummeting over 50% since January, two
insiders have been nabbing up the stock while it's been so cheap.
Making seven different buys, Director and CEO Claudio Mancuso
added a total of 30,000 shares at an average price of $2.44. His
total amount for these transactions was $75,301.
VP of Exploration Graham Long bought 5,000 shares at $1.93. This
cost him $9,650.
Since Mancuso's first buy on April 10, the price of Colossus has
dropped by 31.85%. Colossus is currently sitting beneath its
previous 3-year low price of $1.97.
Colossus is a Canadian-based exploration and development company
with primary focus on a gold and platinum mine in Para, Brazil.
There are no gurus that currently hold stake in Colossus.
With its shares down 10.24%, Colossus trades at $1.84.
Notable Insider Sells:
Paramount Resources (TSX:POU)
Paramount Resources reported six different insider sells this
week coming from two different insiders.
Director Thomas Claugus sold a total of 28,400 shares in five
different transactions. The shares traded at an average price of
$34.77. Claugus made $973,560 on these transactions.
President and COO Jim Riddell sold 300,000 shares at $37.63 per
share. Riddell made $11,289,000 on this transaction.
These sells come as the price of the company is getting closer to
a 52-week high. The P/S Ratio of the company is also nearing a
10-year high of 16.72.
Paramount Resources is a Canadian energy company which explores
for, develops, processes, transports and markets petroleum and
natural gas. Paramount operates out of four units in Kaybob,
Grande Prairie, Northwest Alberta and the Northern US.
The GuruFocus analysis has reported that Paramount has seen an
operating loss over the past three years. Also over the past
three years the company has issued CAD 330.512 million of debt.
Mawer New Canada Fund holds 541,893 shares of Paramount.
With its shares down 5.84%, the company trades at $33.67.
DeeThree Exploration (TSX:DTX)
DeeThree Exploration reported two insider sells coming from VP of
Land, Trevor Murray.
Murray added a total of 125,000 shares on April 12. The shares
traded at an average price of $7.55. Murray brought in $951,250
with these two sells.
Murray made these sells as the price was close to a 5-year high
The GuruFocus analysis of the company reports that DeeThree has
issued CAD 60.668 million of debt. The company has also seen an
operating loss over the past three years.
DeeThree is an energy company specializing in crude oil and
natural gas exploration. Their primary sites operate out of
western Canada in Alberta. The company also has an ownership
interest in gas transportation and processing infrastructure.
There are currently no gurus that hold stake in DeeThree.
With its shares down 3.65%, DeeThree Exploration trades at $6.60.
CI Financial Corp (
Last week five different insiders made sells of their stock in CI
Financial. These insiders made sells as the price of the company
is sitting near a 10-year high.
The five insiders sold a total of 113,989 shares of CI Financial
for an average price of $28.24. Most notably, Director William
Holland sold 100,000 shares at $28.15 per share. Holland made
$2,815,000 in this transaction.
According to CI Financial's income statement, the company has
shown growth in both revenue and net income.
CI Financial is one of Canada's largest investment fund
companies. The company primarily operates through two
subsidiaries: CI Investments and Assante Wealth Management. The
company offers many financial products and services including
mutual funds, segregated funds, financial planning, insurance,
investment advice, wealth management and estate and succession
The Mawer Canadian Equity Fund currently holds 1,170,400 shares
of CI Financial.
With its shares down 1.98%, CI Financial trades at $28.15.
To see the complete list of Canadian insider trades
occurring this week, click here.
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