Insider Trades: Directors are buying shares in these 20 ASX small caps
Small cap insider transactions are seeing a lot of love.
Source: iStock
Mentioned
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 |
|---|---|---|---|---|---|---|---|
Iperionx | 5/5/23 | Todd Hannigan | Buy | $0.99 | $842,269 | On-market trade | |
Peel Mining | 5/5/23 | Donald Okeby | Buy | $0.11 | $550,000 | On-market trade | |
Advance Zinctek | 5/5/23 | Lev Mizikovsky | Buy | $2.00 | $361,925 | On-market trade | |
Truscott Mining | 4/5/23 | Ewan Smith | Buy | $0.04 | $239,318 | On-market trade | |
Truscott Mining | 4/5/23 | Peter Smith | Sell | $0.04 | $239,318 | On-market trade | |
Austral Resources Australia | 4/5/23 | Daniel Jauncey | Buy | $0.28 | $162,479 | On-market trade | |
Nico Resources | 2/5/23 | Peter Cook | Buy | $0.47 | $141,750 | On-market trade | |
PPK Group | 4/5/23 | Glenn Molloy | Buy | $1.29 | $128,316 | On-market trade | |
Nico Resources | 2/5/23 | Jonathan Shellabear | Buy | $0.47 | $94,500 | On-market trade | |
BTC Health | 4/5/23 | Richard Treagus | Buy | $0.02 | $78,375 | On-market trade | |
Alcidion Group | 5/5/23 | Daniel Sharp | Buy | $0.09 | $55,191 | On-market trade | |
QV Equities | 1/5/23 | Anton Tagliaferro | Buy | $0.95 | $54,321 | On-market trade | |
Noxopharm | 4/5/23 | Frederick (Fred) Bart | Buy | $0.05 | $50,000 | On-market trade | |
Galena Mining | 1/5/23 | Adrian Byass | Buy | $0.12 | $36,000 | On-market trade | |
Inca Minerals | 3/5/23 | Adam Taylor | Buy | $0.02 | $35,959 | On-market trade | |
Spirit Technology Solutions | 3/5/23 | Julian Challingsworth | Buy | $0.05 | $32,500 | On-market trade | |
Maxiparts | 3/5/23 | Frank Micallef | Buy | $2.31 | $30,030 | On-market trade | |
Alcidion Group | 3/5/23 | Rebecca Wilson | Buy | $0.10 | $24,250 | On-market trade | |
Reward Minerals | 8/5/23 | Michael Ruane | Buy | $0.07 | $21,925 | On-market trade | |
Spirit Technology Solutions | 3/5/23 | James Joughin | Buy | $0.05 | $21,000 | On-market trade | |
Adore Beauty Group | 2/5/23 | Lisa Hennessy | Buy | $0.99 | $19,155 | On-market trade | |
Cyclone Metals | 3/5/23 | Paul Berend | Buy | $0.00 | $12,000 | On-market trade | |
Spirit Technology Solutions | 4/5/23 | Gregory Ridder | Buy | $0.05 | $11,250 | On-market trade | |
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.
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.
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.
Advance ZincTek 12-month price chart (Source: Market Index)
Multiple Directors Transacting
Code | Company | Date | Director | Type | Price | Value | Notes |
|---|---|---|---|---|---|---|---|
Spirit Technology Solutions | 3/5/23 | Julian Challingsworth | Buy | $0.05 | $32,500 | On-market trade | |
Spirit Technology Solutions | 3/5/23 | James Joughin | Buy | $0.05 | $21,000 | On-market trade | |
Spirit Technology Solutions | 4/5/23 | Gregory Ridder | Buy | $0.05 | $11,250 | On-market trade | |
Nico Resources | 2/5/23 | Peter Cook | Buy | $0.47 | $141,750 | On-market trade | |
Nico Resources | 2/5/23 | Jonathan Shellabear | Buy | $0.47 | $94,500 | On-market trade | |
Alcidion | 5/5/23 | Daniel Sharp | Buy | $0.09 | $55,191 | On-market trade | |
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.
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.
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.
Alcidion 12-month price chart (Source: Market Index)
