Director Transactions

Insider Trades: Directors are buying shares in these 14 small cap ASX explorers

Wed 05 Apr 23, 3:21pm (AEDT)
Yellow truck at a mine site
Source: iStock

Key Points

  • Jervois Global directors step up after the stock nosedived 40% on 29 March
  • Most of these stocks are down 20-30% in the past twelve months and struggling for upside
  • A Leo Lithium director buys a parcel two days after the Liontown bid. The position is currently in the negatives

A summary of small cap mining director transactions valued at more than $10,000 between 28 March and 4 April.


Top small cap director buys

Code

Company

Date

Director

Type

Price

Value

Notes

JRV

Jervois Global

31/03/23

David Issroff

Buy

$0.06

$315,000

On-market trade

JRV

Jervois Global

31/03/23

Peter Johnston

Buy

$0.06

$224,560

On-market trade

JRV

Jervois Global

30/03/23

Brian Kennedy

Buy

$0.06

$112,000

On-market trade

SLB

Stelar Metals

29/03/23

Stephen Biggins

Buy

$0.21

$106,001

On-market trade

AKM

Aspire Mining

30/03/23

Michael Avery

Buy

$0.60

$99,933

On-market trade

CBE

Cobre Ltd

28/03/23

Martin Holland

Buy

$0.10

$71,225

On-market trade

CAE

Cannindah Resources

28/03/23

Simon Beams

Buy

$0.19

$56,781

On-market trade

LLL

Leo Lithium

30/03/23

Alan Rule

Buy

$0.51

$50,500

On-market trade

CAE

Cannindah Resources

28/03/23

Simon Beams

Buy

$0.19

$50,481

On-market trade

CAM

Clime Capital

30/03/23

Diana D Ambra

Buy

$0.84

$42,000

On-market trade

PGD

Peregrine Gold

29/03/23

Anees Sabet

Buy

$0.40

$40,686

On-market trade

TEG

Triangle Energy

28/03/23

Michael Collins

Buy

$0.02

$29,966

On-market trade

TOR

Torque Metals

27/03/23

Andrew Woskett

Buy

$0.10

$21,870

On-market trade

MTR

Metal Tiger

30/03/23

David McNeilly

Buy

$0.09

$13,965

On-market trade

RWD

Reward Minerals

31/03/23

Michael Ruane

Buy

$0.07

$12,687

On-market trade

GUL

Gullewa Ltd

31/03/23

Anthony Howland-Rose

Buy

$0.06

$12,194

On-market trade

WIA

WIA Gold Ltd

28/03/23

Mark Arnesen

Buy

$0.05

$11,045

On-market trade


Interesting Observations

The gist of things: The price charts for most of these small caps are the same. They've all been badly beaten, down between 20-30% in the past year (and in some cases much more). The best performing stock among the list is Triangle Energy, a WA-based oil and gas explorer that's up about 6% in the past year.

Jervois Global's downward spiral: Shares in the cobalt developer have been in a downward spiral in almost any time frame, down 76% year-to-date and 92.5% in the past year. This follows a sharp decline in cobalt prices, from May 2022 peaks of US$80,000 a tonne to now US$35,00 a tonne. Last month, Jervois said it will halt the final construction of its Idaho Cobalt Project due to weak prices and inflationary pressures. This triggered a -42% selloff to 6.7 cents on the day of the announcement (29 March).

Between March 30-31, there were three director transactions that totaled $651,000. This triggered an oversold bounce between 31 March and 4 April, where the stock rallied as much as 35% to 8.5 cents. Those gains were rather short lived, with the stock trading at 6.5 cents on Wednesday.

The company says construction will continue when cobalt prices recover but until then, it's caught in a little bit of a limbo.

A lithium buy: Leo Lithium non-executive director Alan Rule purchased a $50,500 parcel at 51 cents per share on Thursday, 30 March. This was two days after the broad-based rally for lithium stocks which was triggered by Albemarle's $5.5 billion bid for Liontown Resources. Leo Lithium shares recently hit highs of 53 cents but have come back down to 49 cents on Wednesday.

 

Related Tags

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

Get the latest news and insights direct to your inbox

Subscribe free