The small cap TSX stocks we’ve found have seen recent buying from company insiders over the past week
SmallCapPower | March 28, 2022: Insiders are defined as company management or individuals or institutions that own more than 10% of a company’s shares. Today, we have discovered 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 March 25, 2022
Nighthawk Gold Corp. (TSX:NHK) – $0.87
Gold Mining
Nighthawk is a Canada-based gold exploration company with 100% ownership of a district-scale land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada. Nighthawk has advanced its flagship asset Colomac, outlining a robust project with current Indicated Resources of 2.3Moz @1.81 gpt Au + 0.8Moz of Inferred at 2.13 gpt Au. Effective January 1st, Nighthawk announced the appointment of Keyvan Salehi as President & CEO, and Richard Roy, VP Exploration. The Company has upgraded its permits and camp facilities to support an aggressive exploration campaign of +75,000 metres of drilling in 2021, focused on delineating quality ounces at Colomac to advance the project towards the PEA stage and to put significant metres into advancing several high-grade, high-priority regional targets to support economically sound project scenarios.
- Market Cap: $73.8M
- 7-Day Return: +13.2%
- 30-Day Return: +16.0%
- 30-Day Average Trading Volume: 141,675
- Insider Name: Doug Cudney
- Insider Role: 10% Security Holder of Issuer
- Purchase Date: March 25, 2022
- Number of Shares: 305,000
- Share Price Paid: $0.87
- Total Transaction Value: $265,350
Exco Technologies Limited (TSX:XTC) – $9.01
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: $359.4M
- 7-Day Return: -0.1%
- 30-Day Return: -3.8%
- 30-Day Average Trading Volume: 123,358
- Insider Name: Ed Kernaghan
- Insider Role: Director
- Purchase Date: March 25, 2022
- Number of Shares: 166,220
- Share Price Paid: $9.15
- Total Transaction Value: $1,520,913
Canaccord Genuity Group Inc. (TSX:CF) – $12.33
Financial Services
Canaccord Genuity Group is an independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. The Company is being driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. Canaccord has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK & Europe, Asia, Australia and the Middle East.
- Market Cap: $1,293.6M
- 7-Day Return: 5.8%
- 30-Day Return: -4.5%
- 30-Day Average Trading Volume: 313,870
- Insider Name: Dan Daviau
- Insider Role: Senior Director
- Purchase Date: February 8, 2022
- Number of Shares: 100,000
- Share Price Paid: $12.16
- Total Transaction Value: $1,216,000
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