In today’s digest of insider dealings on the TSX and Venture exchanges, we find some serious inside love for Dacha Strategic Metals Inc. (
TSX:V.DSM,
Stock Forum).
Topping the Venture internals list by a LONG way, 2,198,000 shares were purchased by someone close to the company, valued at $318,782 – an amount more than ten times richer than the next highest inside buy, Photon Control Inc. (
TSX:V.PHO,
Stock Forum) at $30,000.
Dacha shares were moving up early in the day, touching $0.155 until a 292,000 share trade notched a downward shift. A 2.19m share purchase shortly thereafter confirmed the lower price and, perhaps expecting that big money was exiting the company, others began to undercut on their way out the door, leaving the price ultimately 11% below open, down $0.015 to $0.12.
On the sale side of the Venture, the only inside trade of note was a $64,350 offload at Ascot Resources (
TSX:V.AOT,
Stock Forum) a day after new test results were posted, along with an announcement that the company will keep plunging holes in the ground as long as the weather holds up.
Nobody else popped five digits.
Duran Ventures (
TSX:V.DRV,
Stock Forum) insiders dealt away a market topping (in volume terms) 148,643 shares, but at 2.5c per share, the dollar value of the trade wouldn’t get you a 1996 Honda Accord, unless you considered three wheels to be a value-add.
Let’s call it “disgruntled warrant holder cashes in to finance trip to Ikea” and move on.
On the TSX, as CIBC, Tim Horton and Agrium continue their multi-million dollar stock buybacks, the only real big inside purchase of note was a $2.8m buy from someone close to Richelieu Hardware (TSX:T.RCH, Stock Forum) (64,000 volume).
MEG Energy ($648k) and Chemtrade Logistics Income Fund ($444k) also received a little C-suite love.
On the sell-off side of the TSX, the big name today was Santonia Energy (
TSX:T.STE,
Stock Forum), where a honcho sold off 792,000 shares in the company, in a trade valued at $1.52 million. Shares dropped $0.06 from the $2.01 for part of the day, but marched those losses back to finish the day $0.01 up.
Celestica (
TSX:T.CLS,
Stock Forum) again showed up on the inside trades list for the third day in a row, with a $350,000 purchase off-set by a $777,812 sale. Shares finished down $0.04 to end at $11.74.