The TSX stocks we’ve uncovered have seen recent buying from company insiders over the past week
SmallCapPower | February 15, 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 TSX 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 price data and other metrics as of February 11, 2022
Cenovus Energy Inc (TSX:CVE) – $19.50
Oil and Gas
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The Company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the Company estimates that it holds 6.7 billion boe of proven and probable reserves.
- Market Cap: $32.1B
- 7-Day Return: 3.6%
- 30-Day Return: +6.5%
- 30-Day Average Trading Volume: 8,538,961
- Insider Name: Jonathan McKenzie
- Insider Role: Senior Officer
- Purchase Date: February 10, 2022
- Number of Shares: 25,000
- Share Price Paid: $19.80
- Total Transaction Value: $495,000
Exco Technologies Limited (TSX:XTC) – $9.20
Automotive Parts
Exco is a designer, developer and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments are Automotive Solutions segment; Polytech, Polydesign and Neocon. Polytech and Polydesign are the providers of flexible restraint and storage solutions for the automotive market. Neocon is a designer and manufacturer of trays and rigid cargo organizer products for OEMs. Polytech and Polydesign have three principal products such as flexible storage systems, flexible restraint systems and plastic injection moulded consoles, gearshift boots and componentry. Polydesign has also added additional product lines, which include the cutting and sewing of seat covers, headrests, instrument panels, sun visors and door panel. Neocon manufactures and designs plastic thermoformed trays and blow moulded automotive cargo organizer systems. The Company’s facilities are in Canada, U.S., Mexico and Morocco and supply the North American, European and Asian markets.
- Market Cap: $360.6M
- 7-Day Return: -0.9%
- 30-Day Return: -11.2%
- 30-Day Average Trading Volume: 80,405
- Insider Name: Ed Kernaghan
- Insider Role: Director
- Purchase Date: February 8, 2022
- Number of Shares: 305,700
- Share Price Paid: $9.14
- Total Transaction Value: $2,794,098
Talon Metals Corp. (TSX:TLO) – $0.68
Copper Mining
Talon Metals is a mineral exploration company. It is engaged in the exploration and development of the Tamarack nickel-copper-cobalt project in Minnesota, United States of America. The Company operates in one business segment, namely, mineral exploration and geographically in the U.S. and Brazil. Talon Metals also holds interests in the Trairao Project in Brazil.
- Market Cap: $480M
- 7-Day Return: -1.5%
- 30-Day Return: -13.5%
- 30-Day Average Trading Volume: 1,084,636
- Insider Name: Michael Malan
- Insider Role: Senior Officer
- Purchase Date: February 8, 2022
- Number of Shares: 40,000
- Share Price Paid: $0.48
- Total Transaction Value: $19,200
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