The small cap TSX stocks we’ve found have seen recent buying from company insiders over the past week
SmallCapPower | May 30, 2022: Insiders are defined as company management or individuals or institutions that own more than 10% of a company’s shares. Today we have uncovered 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 May 27, 2022
Lundin Mining Corporation (TSX:LUN) – $10.93
Base Metals
Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States. A producing copper, zinc, gold, and nickel miner, its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo.
- Market Cap: $8,575.7M
- 7-Day Return: 5.0%
- 30-Day Return: -5.7%
- 30-Day Average Trading Volume: 2,523,789
- Insider Name: Nemesia S.a.r.l.
- Insider Role: 10% Owner
- Purchase Date: May 27, 2022
- Number of Shares: 500,000
- Share Price Paid: $11.03
- Total Transaction Value: $5,515,000
5N Plus Inc. (TSX:VNP) – $1.36
Chemicals
5N Plus is a Canada-based company producing specialty metal and chemical products. The Company operates in two segments Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds and alloys, which are used in a number of electronic applications. The Eco-Friendly Materials segment manufactures and sells refined bismuth and bismuth chemicals, low melting point alloys as well as refined selenium and selenium chemicals. 5N Plus operates manufacturing facilities and sales offices in Europe, America and Asia. It generates the majority of the revenue from Eco-Friendly Materials segment.
- Market Cap: $129.4M
- 7-Day Return: +13.1%
- 30-Day Return: -23.4%
- 30-Day Average Trading Volume: 288,678
- Insider Name: Luc Bertrand
- Insider Role: Director
- Purchase Date: May 26, 2022
- Number of Shares: 350,000
- Share Price Paid: $1.35
- Total Transaction Value: $472,500
NXT Energy Solutions Inc. (TSX:SFD) – $0.79
Oil and Gas
NXT Energy Solutions is a Canadian company that offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the aim of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.
- Market Cap: $50.7M
- 7-Day Return: +27.9%
- 30-Day Return: +36.8%
- 30-Day Average Trading Volume: 45,953
- Insider Name: John Tilson
- Insider Role: Director
- Purchase Date: May 25, 2022
- Number of Shares: 310,000
- Share Price Paid: $0.78
- Total Transaction Value: $241,800
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