Monday’s Insider Report: Billionaire Eric Sprott sells this stock that’s doubled in 2024

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.

Listed below is a security that has had recent buying activity in the public market reported by insiders.

Advantage Energy Ltd. (AAV-T)

On July 10, director Jill Angevine bought 24,000 shares at a cost per share of $9.9133, lifting the holdings in this specific account to 60,000 shares. The cost of this investment exceeded $237,000.

In a relatively small transaction, president and chief executive officer Mike Belenkie acquired 4,980 shares at a price per share of $10.0066 on July 10, after which this particular account held 991,550 shares.

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The following three stocks have had recent selling activity in the public market reported by insiders.

Lavras Gold Corp. (LGC-X)

On July 4, Eric Sprott, with an ownership position exceeding 10 per cent, sold 500,000 shares at a price per share of $1.96 for an account in which he has indirect ownership (2176423 Ontario Ltd.), leaving 7,589,300 shares in this particular account. Proceeds from the sale totaled nearly $1 million, excluding trading fees.

Year-to-date, the share price had more than doubled, increasing 113 per cent.

SilverCrest Metals Inc. (SIL-T)

On July 4, director Pierre Beaudoin sold 20,000 shares at a price per share of $11.66, after which this specific account held 75,050 shares. Proceeds from the sale exceeded $233,000, excluding commission charges.

EQB Inc. (EQB-T)

On July 10, president and chief executive officer Andrew Moor divested 1,600 shares at a price per share of $94.53 with 102,772 shares remaining in this particular account. Proceeds from the sale exceeded $151,000, not including trading fees.

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