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Insider Deals: Gold Canyon (V.GCU), Metro (T.MRU) and Yellow Media (T.Y) insiders buy up


Chris Parry Chris Parry, Equity Guru
0 Comments| November 27, 2013

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The venture exchange saw one large insider deal Tuesday as a player from Gold Canyon Resources (TSX:V.GCU, Stock Forum) snapped up 1.6 million shares (worth $394k) of the Vancouver-based precious metal explorer. There was no news to indicate a big deal was brewing, nor has there been a lot of action on the stock over the past few months, which made the buy up a surprise.

Wednesday saw insider sell-offs on the suddenly popping Titan Medical (TSX:V.TMD, Stock Forum) ($171k), the ever-trending BSM Technologies (TSX:V.GPS, Stock Forum) ($142k) and RIFCO (TSX:V.RFC, Stock Forum) ($119k).

There were no insider sales approaching noteworthy status Tuesday on the TSX as East West Petroleum (TSX:V.EW, Stock Forum) and RIFCO led the boards with $37k and $33k sold respectively.

On the TSX Tuesday and Wednesday, insiders bought up a total of $8 million worth of food retailer Metro (TSX:T.MRU, Stock Forum) while that company toyed with a 52-week low, while others took profits on Secure Energy Services (TSX:T.SES, Stock Forum) ($1.4m sold) and Horizon North Logistics (TSX:T.HNL, Stock Forum) ($900k) as they ran the table upward.

In Wednesday trading, an insider at Yellow Media (TSX:T.Y, Stock Forum), the publishers of Yellow Pages, bought 650,000 shares of that company, worth $11.1 million.

Halogen Software (TSX:T.HGN, Stock Forum) insiders sold $12.25 million of that stock Wednesday.

Thomson Reuters (TSX:T.TRI, Stock Forum) continued its large buyback program, consuming $4.5 million of itself Tuesday and another $4.9 million Wednesday.


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