The TSX stocks we’ve found have seen notable recent buying from company insiders during the past week
SmallCapPower | September 13, 2021: 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 September 10, 2021
MCI Onehealth Technologies Inc. (TSX:DRDR) – $2.28
Healthcare
MCI Onehealth is a healthcare technology company focused on improving primary care. MCI Onehealth operates one of Canada’s leading primary care networks, with technologies backed by science and powered by AI, and are pioneering how actionable insights from data can be paired with targeted therapeutics to start treating disease, before it’s too late. The Company currently operates 25 technology enabled health clinics and is a growing telehealth provider that has performed 200,000 virtual visits over the past 8 months. MCI has a proven management team as both co-executive chairs (Dr. Grial and Dr. Chrisrodoulou) co-founded Altima Dental Clinics, one of Canada’s largest dental groups.
- Market Cap: $112.0M
- 7-Day Share Price Return: -5.8%
- 30-Day Return: -12.0%
- 30-Day Average Trading Volume: 18,780
- Insider Name: George Christodoulou
- Insider Role: Director
- Purchase Date: Sept 10, 2021
- Number of Shares: 38,500
- Share Price Paid: $2.28
- Total Transaction Value: $87,780
Cathedral Energy Services Ltd. (TSX:CET) – $0.41
Energy Equipment and Services
Cathedral Energy Services provides selected oilfield services. The Company offers horizontal, directional and underbalanced drilling and related equipment rentals, production testing and completion services, as well as a full complement of cased hole wireline services. Cathedral Energy has three proprietary technologies: nDURANCE® drilling motors, RapidFireTM MWD systems, FUSIONTM MWD systems, used to help clients to achieve higher drilling performance and lower project costs.
- Market Cap: $32.9M
- 7-Day Share Price Return: -2.4%
- 30-Day Return: -18.0%
- 30-Day Average Trading Volume: 69,220
- Insider Name: Don Maxwell
- Insider Role: Director
- Purchase Date: Sept 10, 2021
- Number of Shares: 500,000
- Share Price Paid: $0.41
- Total Transaction Value: $205,000
Kits Eyecare Ltd. (TSX:KITS) – $3.57
Healthcare – Eyeglasses
KITS is a rapidly growing, digital eyecare platform providing eyewear for eyes everywhere. KITS offers customers access to a vast selection of contact lenses and eyeglasses, including its own exclusive KITS designed products, as well as a robust suite of online vision tools. The Company’s efficient digital platform, backed by its industry-leading manufacturing and designs, removes intermediaries and enables it to offer great prices and deliver made to order personalized products with incredible care and accuracy. The Company is creating disruption in the industry by constantly pursuing cutting-edge technologies to enable the best customer experience, including online eyewear fitting tools, virtual try-on for glasses, and an integrated online vision test.
- Market Cap: $111.1M
- 7-Day Share Price Return: -1.7%
- 30-Day Return: -31.2%
- 30-Day Average Trading Volume: 66,880
- Insider Name: Roger Hardy
- Insider Role: Director
- Purchase Date: Sept 9, 2021
- Number of Shares: 40,000
- Share Price Paid: $3.55
- Total Transaction Value: $142,000
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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