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/Insider Trades: Directors bought shares in these 18 small caps last week (and 2 sells)
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Director Transactions
/Insider Trades: Directors bought shares in these 18 small caps last week (and 2 sells)
Director Transactions
Insider Trades: Directors bought shares in these 18 small caps last week (and 2 sells)
By
Chris Conway
Fri 19 May 23, 12:40pm (AEST)
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 |
|---|---|---|---|---|---|---|---|
Melbana Energy | 12/5/23 | Andrew Purcell | Sell | $0.09 | $872,439 | On-market trade | |
Dreadnought Resources | 12/5/23 | Philip Crutchfield | Buy | $0.05 | $482,071 | On-market trade | |
Melbana Energy | 9/5/23 | Peter Stickland | Sell | $0.09 | $200,900 | On-market trade | |
Tietto Minerals | 12/5/23 | Matthew Wilcox | Buy | $0.52 | $154,724 | On-market trade | |
Legend Mining | 12/5/23 | Hilary Macdonald | Buy | $0.05 | $81,867 | On-market trade | |
Saturn Metals | 12/5/23 | Ian Bamborough | Buy | $0.20 | $50,582 | On-market trade | |
Saturn Metals | 15/5/23 | Ian Bamborough | Buy | $0.20 | $46,890 | On-market trade | |
Brockman Mining | 9/5/23 | Ross Norgard | Buy | $0.03 | $46,072 | On-market trade | |
Ballymore Resources | 12/5/23 | Nicholas Jorss | Buy | $0.16 | $29,450 | On-market trade | |
Ionic Rare EARTHS | 15/5/23 | Sufian Ahmad | Buy | $0.03 | $25,020 | On-market trade | |
Far East Gold | 10/5/23 | Shane Menere | Buy | $0.32 | $23,925 | On-market trade | |
Southern Hemisphere Mining | 16/5/23 | Natalie Dawson | Buy | $0.02 | $20,400 | On-market trade | |
Buxton Resources | 10/5/23 | Anthony Maslin | Buy | $0.17 | $17,000 | On-market trade | |
Black Dragon Gold Corp | 16/5/23 | Gabriel Chiappini | Buy | $0.04 | $15,649 | On-market trade | |
Panther Metals | 10/5/23 | Daniel Tuffin | Buy | $0.07 | $15,492 | On-market trade | |
New World Resources | 16/5/23 | Richard Hill | Buy | $0.04 | $14,800 | On-market trade | |
New World Resources | 12/5/23 | Nick Woolrych | Buy | $0.04 | $13,011 | On-market trade | |
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.
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 (Source: Market Index)
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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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