Director Transactions

Insider Trades: Directors are buying shares in these 20 ASX small caps

Thu 11 May 23, 11:14am (AEDT)
Mining exploration site with trucks and excavators
Source: iStock

Key Points

  • Iperionx, Peel Mining and Advance Zinctek see insider buys worth more than $300,000
  • Nico Resources, Spirit Technology Solutions and Alcidion see multiple director buys in the past two weeks

Welcome back to the Insider Trades series, a summary of director transactions that have taken place between 28 April to 10 May worth more than $10,000.

Today we’re taking a look at transaction within small-cap companies (less than $300m market cap) and we’re also paying particular attention to multiple directors transacting in the same company. It's quite a long list, so brace yourself for some scrolling.


Top Insider Transactions

Code

Company

Date

Director

Type

Price

Value

Notes

IPX

Iperionx

5/5/23

Todd Hannigan

Buy

$0.99

$842,269

On-market trade

PEX

Peel Mining

5/5/23

Donald Okeby

Buy

$0.11

$550,000

On-market trade

ANO

Advance Zinctek

5/5/23

Lev Mizikovsky

Buy

$2.00

$361,925

On-market trade

TRM

Truscott Mining

4/5/23

Ewan Smith

Buy

$0.04

$239,318

On-market trade

TRM

Truscott Mining

4/5/23

Peter Smith

Sell

$0.04

$239,318

On-market trade

AR1

Austral Resources Australia

4/5/23

Daniel Jauncey

Buy

$0.28

$162,479

On-market trade

NC1

Nico Resources

2/5/23

Peter Cook

Buy

$0.47

$141,750

On-market trade

PPK

PPK Group

4/5/23

Glenn Molloy

Buy

$1.29

$128,316

On-market trade

NC1

Nico Resources

2/5/23

Jonathan Shellabear

Buy

$0.47

$94,500

On-market trade

BTC

BTC Health

4/5/23

Richard Treagus

Buy

$0.02

$78,375

On-market trade

ALC

Alcidion Group

5/5/23

Daniel Sharp

Buy

$0.09

$55,191

On-market trade

QVE

QV Equities

1/5/23

Anton Tagliaferro

Buy

$0.95

$54,321

On-market trade

NOX

Noxopharm

4/5/23

Frederick (Fred) Bart

Buy

$0.05

$50,000

On-market trade

G1A

Galena Mining

1/5/23

Adrian Byass

Buy

$0.12

$36,000

On-market trade

ICG

Inca Minerals

3/5/23

Adam Taylor

Buy

$0.02

$35,959

On-market trade

ST1

Spirit Technology Solutions

3/5/23

Julian Challingsworth

Buy

$0.05

$32,500

On-market trade

MXI

Maxiparts

3/5/23

Frank Micallef

Buy

$2.31

$30,030

On-market trade

ALC

Alcidion Group

3/5/23

Rebecca Wilson

Buy

$0.10

$24,250

On-market trade

RWD

Reward Minerals

8/5/23

Michael Ruane

Buy

$0.07

$21,925

On-market trade

ST1

Spirit Technology Solutions

3/5/23

James Joughin

Buy

$0.05

$21,000

On-market trade

ABY

Adore Beauty Group

2/5/23

Lisa Hennessy

Buy

$0.99

$19,155

On-market trade

CLE

Cyclone Metals

3/5/23

Paul Berend

Buy

$0.00

$12,000

On-market trade

ST1

Spirit Technology Solutions

4/5/23

Gregory Ridder

Buy

$0.05

$11,250

On-market trade

DLT

Delta Drone International

3/5/23

David Morton

Buy

$0.01

$10,000

On-market trade


Interesting Observations: The Top 3

IperionX Ltd (IPX) formerly Hyperion Metals, is a developer of low-carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. Todd Hannigan, purchaser of $842,269 of stock, is the company’s Executive Chair and has worked in the resources industry for nearly 20 years, including the likes of BHP and Hanson PLC.

2023-05-11 10 55 33-Window
IperionX 3-month price chart (Source: Market Index)

Peel Mining (PEX) Chair, Donald Mark Okeby, purchased $550,000 of stock. It was the largest insider purchase of Peel Mining shares in the past year and it significantly increases Okeby’s holding. Peel Mining is an advanced base and precious metals exploration company with a primary focus on copper. With core assets close to each other, a strategic processing hub will underpin the success of its discovered deposits in the Southern Cobar Basin.

PEX
Peel Mining 12-month price chart (Source: Market Index)

Lez Mizikovsky, non-executive chairman of Advance ZincTek (ANO) shelled out almost $362,000 on stock. The move only increased his shareholding in the company by a small amount, however. In the last 12 months, ANO has also seen insider buying from Managing Director Geoffrey Acton, who bought approximately $700,000 worth of shares.

ANO manufactures zinc oxide (ZinClear XP Powder), Alumina and zinc-based dispersions. The company was ranked #2 in its market segment in the US according to the Director of R&D Material/Product Physical Science at the Estee Lauder Companies, Inc.

2023-05-11 10 58 08-Window
Advance ZincTek 12-month price chart (Source: Market Index)

Multiple Directors Transacting

Code

Company

Date

Director

Type

Price

Value

Notes

ST1

Spirit Technology Solutions

3/5/23

Julian Challingsworth

Buy

$0.05

$32,500

On-market trade

ST1

Spirit Technology Solutions

3/5/23

James Joughin

Buy

$0.05

$21,000

On-market trade

ST1

Spirit Technology Solutions

4/5/23

Gregory Ridder

Buy

$0.05

$11,250

On-market trade

NC1

Nico Resources

2/5/23

Peter Cook

Buy

$0.47

$141,750

On-market trade

NC1

Nico Resources

2/5/23

Jonathan Shellabear

Buy

$0.47

$94,500

On-market trade

ALC

Alcidion

5/5/23

Daniel Sharp

Buy

$0.09

$55,191

On-market trade

ALC

Alcidion

3/5/23

Rebecca Wilson

Buy

$0.10

$24,250

On-market trade


Spirit Technologies (ST1) has seen no less than three directors buying stock recently, although relatively small parcels. Julian Challingsworth is the company’s MD, James Joughin the Chairman, and Greg Ridder a non-executive director. Spirit is a technology company delivering solutions to help Australian businesses stay ahead of the curve by building a secure, sustainable and scalable work environment.

2023-05-11 10 59 19-Window
Spirit Technologies 12-month price chart (Source: Market Index)

Nico Resources (NC1) is a nickel play with multiple projects. The Wingellina project is a development-ready, large resource project, with a demonstrated ability to produce nickel & cobalt sulphates, sulphides and hydroxides. Peter Cook, purchaser of $141,750 of stock is the non-executive chairman. Jonathon Shellabear, purchaser of $94,500 of shares, is the Managing Director and CEO.

NC1
Nico Resources 12-month price chart (Source: Market Index)

Finally, Alcidion Group (ALC) is the other company to have seen multiple directors buying shares recently. Alcidion is healthcare company helping organisations harness the power of technology to create a clinically relevant environment with digitally enabled care. The company’s tailored platforms leverage clinical decision support, artificial intelligence and real-time visualisation to provide smart health informatics for safer delivery of care. Rebecca Wilson is the Chair of Alcidion, whilst Daniel Sharp is a non-executive director.

ALC
Alcidion 12-month price chart (Source: Market Index)

 

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Written By

Chris Conway

Managing Editor

Chris is the Managing Editor at Livewire Markets and Market Index. His passion is equity research, portfolio construction, and investment education. He is also very keen on the powerful processes that can help all investors identify great opportunities and outperform the market, and wants to bring them to life and share them with you.

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