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Director Transactions
/Insider Trades: Directors bought shares in these 22 ASX companies last week
Director Transactions
Insider Trades: Directors bought shares in these 22 ASX companies last week
Thu 10 Aug 23, 12:34pm (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Directors of Greenland copper and African graphite miners buy their own stock
- Three trades from inside North American lithium hopeful
- Ex-Mirvac CEO makes twin $50,000 buys of ASX mega-caps
Welcome back to the Insider Trades Series – A summary of on-market director trades valued at more than $10,000 between 28 July and 4 August 2023.
In small- and mid-caps, the largest transactions were at Greenland-based Arctic Rift Copper explorer GreenX Metals (ASX: GRX), and African graphite play, NGX Limited (ASX: NGX).
Top Small Cap Transactions
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Greenx Metals Ltd | 03/08/23 | Mark Pearce | Sell | $0.97 | $242,986 | |
NGX Ltd | 01/08/23 | Ian Middlemas | Buy | $0.23 | $241,363 | |
Tamboran Resources Ltd | 31/07/23 | David Siegel | Buy | $0.15 | $72,500 | |
Peninsula Energy Ltd | 04/08/23 | Wayne Heili | Sell | $0.11 | $61,264 | |
Red Metal Ltd | 01/08/23 | Joshua Pitt | Buy | $0.07 | $59,500 | |
Pacific Edge Ltd | 04/08/23 | Bryan Williams | Buy | $0.13 | $49,860 | |
Matador Mining Ltd | 31/07/23 | Sam Pazuki | Buy | $0.06 | $38,198 | |
Elementos Ltd | 07/08/23 | Andrew Greig | Buy | $0.15 | $30,000 | |
Latrobe Magnesium Ltd | 31/07/23 | John Lee | Buy | $0.06 | $29,000 | |
Alma Metals Ltd | 03/08/23 | Alasdair Cooke | Buy | $0.01 | $23,335 | |
Patriot Lithium Ltd | 07/08/23 | Philip Thick | Buy | $0.22 | $22,214 | |
Patriot Lithium Ltd | 07/08/23 | Nicholas Vickery | Buy | $0.21 | $21,325 | |
Lodestar Minerals Ltd | 07/08/23 | Edward Turner | Buy | $0.01 | $20,000 | |
Warriedar Resources Ltd | 28/07/23 | Amanda Buckingham | Buy | $0.08 | $20,000 | |
Iltani Resources Ltd | 28/07/23 | Anthony Reilly | Buy | $0.24 | $18,000 | |
Patriot Lithium Ltd | 07/08/23 | Matthew Gauci | Buy | $0.22 | $15,106 | |
TMK Energy Ltd | 02/08/23 | John Warburton | Buy | $0.02 | $15,000 | |
Cadence Capital Ltd | 01/08/23 | Karl Siegling | Buy | $0.79 | $14,137 | |
Athena Resources Ltd | 2/8/23 | Peter Newcomb | Buy | $0.01 | $13,038 | |
New Talisman Gold Mines Ltd | 28/7/23 | Samantha Sharif | Sell | $0.02 | $10,970 | |
QX Resources Ltd | 28/7/23 | Maurice Feilich | Buy | $0.03 | $10,860 | |
Terra Uranium Ltd | 2/8/23 | Andrew Vigar | Buy | $0.14 | $10,397 |
Insider trades among ASX small-caps (Source: Market Index)
Mark Pearce, company secretary and a non-executive director at GreenX, sold almost $243,000 worth of the stock on 3 August. The latest news from the company came on 10 July, when it entered an option agreement to buy up to 100% of the Eleonore North gold project in eastern Greenland.
Six-month share price of GreenX (Source: Market Index)
At NGX, non-executive chairman and non-executive director Ian Middlemas bought $241,000 of the $16.3 million market cap Malawi graphite miner’s stock.
The six-month share price of NGX (Source: Market Index)
Last week also saw three transactions from inside North American lithium explorer Patriot Lithium (ASX: PAT). Chairman Philip Thick, managing director and CEO Nicholas Vickery, and executive director Matt Gauci each scooped up between $15,000 and $22,000 worth of stock.
Patriot hit the ASX boards in December, its share price doubling to 44 cents a share in the first couple of weeks, from its IPO price of 20 cents. Its quarterly activity report on 31 July included “highly encouraging” signs from its exploration-stage Gorman Project in Ontario, Canada, alongside sampling results from US projects in Wickenburg, Arizona and Black Hills, South Dakota and Wyoming.
The six-month share price of Patriot Metals
The next-biggest transaction was at Australian copper explorer Red Metal (ASX: RDM), where non-executive director Joshua Pitt bought $59,500 worth of stock. The micro-cap explorer, with a market cap of $17.4 million, reported surveying and “proof of concept” activities were ongoing at its Yarrie, Western Australia Copper-Gold-Cobalt and Queensland Gulf and Lawn Hill lead-zinc-silver-copper projects.
The six-month share price of Red Metal
Insider buying among ASX large-caps
The biggest of the large-cap insider trades last week was a $155,000 SELL by Pinnacle Investment Management’s (ASX: PNI) Deborah Beale.
Code | Company | Date | Director | Type | Amount | Price | Value |
|---|---|---|---|---|---|---|---|
Pinnacle Investment Management | 28/07/23 | Deborah Beale | Sell | -15,000 | $10.37 | $155,601 | |
Metcash Ltd | 01/08/23 | Mark Johnson | Buy | 20,000 | $3.63 | $72,570 | |
Macquarie Group Ltd | 02/08/23 | Susan Lloyd-Hurwitz | Buy | 283 | $176.55 | $49,963 | |
RIO Tinto Ltd | 03/08/23 | Susan Lloyd-Hurwitz | Buy | 436 | $114.52 | $49,930 |
Insider trades among ASX large-caps
Susan Lloyd-Hurwitz, former Mirvac CEO and a director of both Macquarie Group (ASX: MQG) and Rio Tinto (ASX: RIO), pushed just under $50,000 into the registers of both the investment bank and mining behemoth.
The six-month share price of Macquarie Group (Source: Market Index)
The six-month share price of Rio Tinto (Source: Market Index)
Glenn is a Content Editor at Livewire Markets and Market Index. Glenn has almost 20 years’ experience in financial services writing and editing. Glenn’s journalistic experience also spans energy and automotive, in both Australia and abroad – including the Middle East – where he edited an oil and gas publication in the United Arab Emirates.
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