This week in Canadian insider trading was marked by an
increase in insider buying in the oil, natural gas, and energy
industries. There was an increase in selling by companies working
in the mining and chemical industries. There were also a
significant number of sells in the copper industries.
Note: These are only a few notable Canadian insider transactions.
To see the complete list of Canadian insider trades,
Notable Insider Buys
Troy Resources (
Troy Resources reported
seven insider buys
last week. These buys came from four different directors. These
insider transactions mark the first for the company.
Director C. Robin Parish added a total of 55,000 shares at an
average price of $2.05. Parish's transactions totaled $113,720.
Director Fred Grimwade added 40,000 shares at $2.02. His
transaction amount was $80,800. Director David Dix also added
40,000 shares. His shares traded at $2.12 per share for a total
transaction amount of $84,660.
Lastly, Paul Benson bought 20,000 shares at an average price of
$2.06. This transaction amount was $41,180.
Troy Resources is a junior gold producer with operations at
Andorinhas in Para State, Brazil and Casposo in San Juan
Province, Argentina. The company has a record of fat track mine
development, low cost operations, strategic acquisitions and
Market Cap: 217.58 M
Shiller P/E: n/a
52 Week Low: 1.89
52 Week High: 5.25
Average Volume: 402,000
There are currently no gurus that hold a stake in Troy Resources.
TSX:TRY trades at $2.40.
ShawCor Ltd. (
ShawCor Ltd. reported two corporate executives making insider
buys this past week.
The Vice President of Finance and CFO Gary Love bought 10,000
shares at an average price of $41.83 per share. These
transactions cost Love a total of $418,250.
Vice President and General Manager Ronald Dunn added 5,874 shares
at $42.37 per share. The transaction amount was $248,881.
ShawCor is a global energy services company that operates through
eight divisions which focus on technology-based products and
services for the pipeline and pipe services market and the
petrochemical and industrial markets.
Market Cap: 3.05 B
Shiller P/E: 22.84
52 Week Low: 31.48
52 Week High: 46.73
Average Volume: 100,000
There are currently no gurus that hold stake in ShawCor.
ShawCor trades at $43.31.
Zargon Oil and Gas (TSX:ZAR)
Zargon Oil and Gas reported insider buys coming from two
different corporate officials.
President and CEO Craig Hansen made three separate buys adding a
total of 17,000 shares to his stake at an average price of $7.20.
The total amount of these transactions equaled $122,480.
Director James Peplinski bought 20,000 shares at $7.10 per share.
Peplinski's transaction amount was $142,000.
These buys come as the stock's price has reached a 3-year low.
Zargon Oil and Gas is engaged in the exploration, development and
production of oil and natural gas in Canada and the U.S. The
company is currently pursuing high-graded oil exploitation
projects in Alberta and the Hamilton Lake.
Market Cap: 211.15 M
Shiller P/E: 6.04
52 Week Low: 6.36
52 Week High: 13.64
Average Volume: 30,250
Mawer New Canada Fund holds 735,429 shares.
With its price up 1.98%, Zargon trades at $7.20.
Notable Insider Sells
Secure Energy Services (TSX:SES)
Secure Energy Services reported nine insider sells coming from
three different insiders. These insiders sold a total of 210,000
shares at an average price of $12.55.
These insider sells come as the company's price has exceeded its
previous 5-year high. The GuruFocus analysis notes that the
company's revenue has been in decline over the past three years.
Secure Energy Services is an oil and gas corporation that
operates through several wholly-owned subsidiaries that are
managed through two different segments. The first segment is the
processing, recovery and disposal services and the second segment
is the drilling services division.
The Mawer New Canada Fund holds 977,841 shares of Secure Energy.
Methanex Corporation (
Methanex reported a substantial amount of insider sells coming
from Director Bruce Aitken this past week.
Last week Director Bruce Aitken made five different transactions
selling a total of 10,000 shares for an average price of $41.28.
Aitken made a total of $412,701 in these transactions.
The GuruFocus analysis of Methanex shows that the price of the
company is near a 10-year high of $41.52.
Methanex is a company that produces and markets methanol, a
chemical that is used to make a wide range of industrial,
consumer and energy products. The company is the supplier of
methanol to each of the major international markets of North
America, Asia Pacific and Europe as well as Latin America.
Market Cap: 3.86 B
Shiller P/E: 27.79
52 Week Low: 26.04
52 Week High: 41.52
Average Volume: 102,158
Guru Bernard Horn holds 85,437 shares of TSX:MX.
Methanex currently trades at $41.14.
Inmet Mining (
Inmet Mining reported five significant sells coming from Fernando
Martinez-Caro. Caro sold a total of 1,808 shares on April 9. The
shares traded at an average price of $68.03. Martinez-Caro made a
total of $123,071 on these transactions.
These insider sells came as the price of the stock has risen from
a 52-week low to nearly a 52-week high.
Inmet Mining is a Canadian-based global mining company that
produces base metals with a focus on copper. It operates and
develops in underground and open pit mines. The company also
There are currently no gurus that hold stake in Inmet Mining.
TSX:IMN currently trades at $67.59.
Note: These are only some of the Canadian insider
transactions for the week. To see the complete list of Canadian
insider trades, click here.
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