Insider Trades: Directors bought shares in these 11 ASX companies last week

Welcome back to the Insider Trades Series – A summary of on-market director transactions valued at more than $10,000 that have taken place between 10 and 19 January 2024.

Top ASX Insider Buys

Advance ZincTek manufactures zinc oxide and alumina for products used in a variety of applications such as cosmetics, sunscreens and paints. The company received an off-market takeover on 11 October 2023 at 97 cents per share from major shareholder, Mizikovsky Group. To add some perspective, ANO shares are down 53% in the past twelve months and trading at five year lows. The bid was later lifted to $1.05 per share on 11 December 2023. In the past few weeks, Mizikovsky has been aggressively accumulating shares.

Global Lithium Non-Executive Director Dianmin Chen is the only insider to have bought company shares in the past two years. But its been a little bit of an uphill battle.

• November 2022: $92,300 at $2.31 per share

• February 2023: $53,100 at $1.77 per share

• October 2023: $242,000 at $1.21 per share

• Last week: $162,500 at $0.65 per share

An Honourable Mention

Elsight specialises in BVLOS (Beyond the Visual Line of Sight) connectivity for drones, UAVs and other unmanned systems on air and on land. Powered by its proprietary 6th sense technology, Halo provides connection confidence for OVLOS operations.

Three separate insiders transacted last week, including:

• Non-Executive Director Howard Digby

• Non-Executive Chairman Ami Shafran

• Executive Director David Furstenberg