Insider Deals: Big churn at Quebecor, Galane Gold insider dumps stock

Today on the TSX Venture Exchange, only two inside trades of note moved the needle significantly, and both of them were sells.

Galane Gold (TSX:V.GG, Stock Forum) saw an inside sale of one million shares worth $150,000, which saw the share price nudged up 3c to $0.15 per share, leveling it out for the day.

It would appear the same seller has been as active in moving shares on previous trading days, with two similar sized sales on the 17th, and another on the 18th, along with multiple smaller trades, all from a trader at Integral Wealth Securities to a trader at Laurentian Bank securities.

An insider at Lumina Copper (TSX:V.LCC, Stock Forum) shed $74.4k of shares, that being the only other significant insider trade on the market.

There were no substantial insider buys on the Venture.

On the TSX, CIBC ($2.8m), Tim Hortons ($2.0m) and Agrium ($495k) were, as usual, the big internal purchasers of their own stock.

An insider at Celestica (TSX:T.CLS, Stock Forum) purchased 30,000 shares for a $346k buy, on the back of strong financial results. Stock prices jumped 8.81% on the day.

On the sale side, an insider at Quebecor (TSX:QBR.B, Stock Forum) sold heavily, losing $2.9m of shares on the day, while another insider bought up $1.5m in response. Share prices, which had been moving up on the day, slipped marginally below opening price in response.