Director Transactions

Insider Trades: Directors bought shares in these 18 small caps last week (and 2 sells)

Fri 19 May 23, 12:40pm (AEST)
Mining exploration drill rig 9
Source: iStock

Key Points

  • Melbana Energy insiders bail out, with two transactions totaling a little over $1 million
  • Two directors from New World Resources buy two small parcels
  • Overall insider sentiment remains mixed

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.


Top Insider Transactions

Code

Company

Date

Director

Type

Price

Value

Notes

MAY

Melbana Energy

12/5/23

Andrew Purcell

Sell

$0.09

$872,439

On-market trade

DRE

Dreadnought Resources

12/5/23

Philip Crutchfield

Buy

$0.05

$482,071

On-market trade

MAY

Melbana Energy

9/5/23

Peter Stickland

Sell

$0.09

$200,900

On-market trade

TIE

Tietto Minerals

12/5/23

Matthew Wilcox

Buy

$0.52

$154,724

On-market trade

LEG

Legend Mining

12/5/23

Hilary Macdonald

Buy

$0.05

$81,867

On-market trade

STN

Saturn Metals

12/5/23

Ian Bamborough

Buy

$0.20

$50,582

On-market trade

STN

Saturn Metals

15/5/23

Ian Bamborough

Buy

$0.20

$46,890

On-market trade

BCK

Brockman Mining

9/5/23

Ross Norgard

Buy

$0.03

$46,072

On-market trade

BMR

Ballymore Resources

12/5/23

Nicholas Jorss

Buy

$0.16

$29,450

On-market trade

IXR

Ionic Rare EARTHS

15/5/23

Sufian Ahmad

Buy

$0.03

$25,020

On-market trade

FEG

Far East Gold

10/5/23

Shane Menere

Buy

$0.32

$23,925

On-market trade

SUH

Southern Hemisphere Mining

16/5/23

Natalie Dawson

Buy

$0.02

$20,400

On-market trade

BUX

Buxton Resources

10/5/23

Anthony Maslin

Buy

$0.17

$17,000

On-market trade

BDG

Black Dragon Gold Corp

16/5/23

Gabriel Chiappini

Buy

$0.04

$15,649

On-market trade

PNT

Panther Metals

10/5/23

Daniel Tuffin

Buy

$0.07

$15,492

On-market trade

NWC

New World Resources

16/5/23

Richard Hill

Buy

$0.04

$14,800

On-market trade

NWC

New World Resources

12/5/23

Nick Woolrych

Buy

$0.04

$13,011

On-market trade

GLA

Gladiator Resources

9/5/23

Matthew Boysen

Buy

$0.01

$10,513

On-market trade


Interesting Observations

Melbana Energy (MAY) insider have been bailing out. Melbaba is an independent oil and gas company that has a focussed portfolio of high impact exploration, appraisal and development stage opportunities in Cuba and the Bonaparte Gulf and Territory of Ashmore and Cartier island regions in Australia. Andrew Purcell, the Executive Chairman, sold $872,439 worth of stock recently, whilst non-executive director Peter Stickland sold $200,900 worth. Both transaction were at 9 cents per share.

MAY director trades
Melbana Energy with insider trade markers (Source: TradingView)

Two directors have been buying small parcels of New World Resources (NWC). Chairman Richard Hill and non-executive director Nick Woolrych purchased $14,800 and $13,011 respectively. New World Resources Limited is focused on the exploration and development of mineral resources projects in North America.

New World Resources Ltd (ASX NWC) Share Price - Market Index
New World Resources (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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