Public Safety Products (
TSX:V.PSP,
Stock Forum) might not be a company you instantly recognize, but they supply law enforcement, military and emergency services protective equipment. That`s a definite growth industry in this day and age, and V.PSP`s share price bares that out, with a 400% jump since December 2010.
So it`s possibly not surprising that an insider at V.PSP today decided to cash out 2.59m shares, bringing home a cheque for $205,000 for his or her troubles.
That`s not the first insider disposal at PSP this month – in fact, there have been
four sales by insiders since September… hmm.
That was by far the biggest insider play on the Venture exchange Thursday, with Maladena Energy ($49k) and Raise Production Inc ($42k) the only other ripplers.
On the buy side, insiders kept their money to themselves on the Venture today, with Arian Resources (
TSX:V.ARC,
Stock Forum) winning the volume game, with an insider buying up 180,000 shares of the 260,000 traded on the day in a deal worth $15.8k. Whoever it was grabbed their chunk pretty close to the 52-week low, but also earned 10% on their money on the day.
On the TSX, the big volume play of the day was, by far, Glacier Media (
TSX:T.GVC,
Stock Forum), where an inside honcho grabbed up 1.15 million shares worth $1.38 million. That's the first insider stock aquisition since June at the big community paper and trade journal publisher.
CIBC, Agrium and Tim Hortons, who are aggressively buying themselves up, took the top three spots in dollar value again today ($2.8m, $1.6m and $1.5m respectively), but the Glacier insider deal was a substantial chunk of the 1.22 million volume traded on the day.
Of note, an insider at Wi-Lan (
TSX:T.WIN,
Stock Forum) opted to take advantage of a huge sell-off to bolster their position in the company, eating up 20,000 shares as the stock price dropped 22.5%, or $0.92 to $3.16.
Also interesting, Quebecor (
TSX:TQBR.B,
Stock Forum) insiders continue to sell, with another $99,000 of internal shares going on the market, after $2.9 million were sold by insiders Wednesday.