Insider Trades: Directors bought shares in these 22 ASX companies last week
Here's what ASX company directors bought and sold in the past week.
Source: Shutterstock
Mentioned
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)
