The Canadian stocks we’ve identified have seen notable recent buying from company insiders during the past month
SmallCapPower | January 5, 2022: Insiders are defined as company management or individuals or institutions that own more than 10% of a company’s shares. Today we have filtered through and found three Canadian stocks with significant insider buying over the past seven days. The insiders we have identified are institutional investors, company directors or board members, which have added to their positions.
*Share prices and other metrics as of January 4, 2022
AutoCanada Inc. (TSX:ACQ) – $41.04
AutoCanada is a leading North American multi-location automobile dealership group currently operating 66 franchised dealerships, comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Honda and Porsche branded vehicles. In 2020, ACQ’s dealerships sold approximately 66,000 vehicles and processed over 700,000 service and collision repair orders in its 1,098 service bays, generating revenue in excess of $3 billion. On December 17, board member Dennis DesRosiers invested over $116,000 in shares of AutoCanada at a price per share of $37.52.
2021 Return: 77%
Fortuna Silver Mines Inc. (TSX:FVI) – $4.96
Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d’Ivoire. The Company announced recently that it has been granted a 12-year extension of the environmental impact authorization at its San Jose Mine in Mexico. On December 20, Fortuna board chairman David Laing purchased over $196,000 in company shares at a price of $4.91 per share.
2021 Return: -53%
Dye & Durham Limited (TSX:DND) – $43.05
Dye & Durham is a provider of cloud–based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. Dye & Durham has operations in Canada, the United Kingdom, Ireland and Australia, and has a blue-chip customer base that includes law firms, financial service institutions, and government organizations. On December 23, Company chairman Brian Derksen invested nearly $255,000 in Dye & Durham shares at an average cost per share of about $44.31.
2021 Return: -11%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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