RE:Insider TradingHere is a record of trades by Anonymous (Broker #1) from March 31st, the day Kenadyr was listed to trade, to today. You may have to scroll to see the whole table. Excel doesn't paste that well here.
| Trades in Kenadyr Mining ( KEN) by Anonymous | | | |
| | | | | | | | | |
| Date | | | | | | | |
| Start | End | Bought | Sold | Ratio: S:B | Total | % Bought | % Sold | Avg Price |
| 31-Mar | 27-Apr | 651,600 | 2,161,666 | 3.32 | 3,489,600 | 18.7% | 61.9% | 0.799 |
| 28-Apr | 27-May | 2,136,090 | 6,155,623 | 2.88 | 8,529,862 | 25.0% | 72.2% | 0.519 |
| 28-May | 27-Jun | 2,326,615 | 5,390,852 | 2.32 | 11,965,650 | 19.4% | 45.1% | 0.43 |
| | Total | 5,114,305 | 13,708,141 | 2.68 | 23,985,112 | 21.3% | 57.2% | |
Several brokerages may be trading under the Anonymous ID, but a few things remain worth noting.
1. Sales by Anonymous constitute the majority of shares sold (no surprise), rising as high as 72% in the period from April through May and averaging 57% of all shares sold across the three periods.
2. The ratio of sales to purchases by Anonymous is declining in each of the three periods since KEN started trading. In the period from March through April, the number of shares sold by Anonymous was more than 3 times the number of shares purchased, but only 2.3 times purchases in the most recent period.
3. While the numbers of shares sold by Anonymous remain high, the percentage of total sales they represent is decreasing. Although the latest news release affects the totals in the most recent period, the result still holds. Liquidity has increased and sales by Anonymous are less of a factor - though still a considerable one.
I visited SEDI (the System for Electronic Disclosure for Insiders) to look at insider trades in KEN. Regulations require that insiders report their trades to SEDI within 5 calendar days, barring special circumstances. The only activity on record for the period from March 31st to today was that of Brian Slusarchuk, a director, who gifted 100,000 shares in April and around the same time purchase 20,000 shares at prices ranging from $0.65 to $0.49. Nothing else. Starting and ending balances of shares held by insiders appear not to change much.
Hope this helps.
GLTA