Companies with higher levels of insider ownership (stocks held by senior executives and directors within the firm) attract investor interest as it reflects confidence in growth potential since insiders personal wealth is directly affected by stock performance. It is believed that an insider action predicts the future movement of a stock because of the greater knowledge that insiders possess about the company.
Ubika Research has shortlisted eleven Canadian penny stocks across sectors which have an insider ownership of more than 10%, held by high level executives and directors within the firm. These companies have witnessed a significant increase in insider ownership during the past six months with the stocks recording their 52-week highs during this period. Additionally, we note that the shortlisted stocks have recorded positive price gains with daily average trading volume in excess of 100,000 shares over the past six months.
|
Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
Average Volume |
Price Change |
Equity Shares Outstanding |
Insider Ownership |
Change in Insider Holding |
52-Week High |
52-Week Low |
|
ISIS Lab Corp |
LAB |
TSXV |
Technology |
22.9 |
0.42 |
252,916 |
35.5% |
54.6 |
30.6% |
266.9% |
0.65 |
0.10 |
|
Integra Gold Corp |
ICG |
TSXV |
Basic Materials |
41.8 |
0.31 |
298,951 |
37.8% |
134.8 |
27.6% |
10.8% |
0.42 |
0.13 |
|
Great Prairie Energy Services Inc |
GPE |
TSXV |
Financial |
34.5 |
0.30 |
118,547 |
195.0% |
116.9 |
27.6% |
796.1% |
0.33 |
0.18 |
|
Blackbird Energy Inc |
BBI |
TSXV |
Energy |
15.8 |
0.10 |
396,028 |
25.0% |
157.6 |
23.7% |
11.1% |
0.14 |
0.05 |
|
Forent Energy Ltd |
FEN |
TSXV |
Energy |
19.8 |
0.11 |
141,393 |
31.3% |
188.6 |
18.8% |
10.9% |
0.13 |
0.06 |
|
Theralase Technologies Inc |
TLT |
TSXV |
Healthcare |
23.0 |
0.35 |
155,960 |
100.0% |
65.8 |
15.1% |
15.0% |
0.56 |
0.17 |
|
Gowest Gold Ltd |
GWA |
TSXV |
Basic Materials |
15.5 |
0.10 |
241,583 |
90.0% |
162.8 |
13.3% |
16.8% |
0.10 |
0.03 |
|
NioCorp Developments Ltd |
NB |
TSXV |
Basic Materials |
30.6 |
0.27 |
177,992 |
54.3% |
113.4 |
12.1% |
126.9% |
0.29 |
0.10 |
|
LX Ventures Inc |
LXV |
TSXV |
Financial |
16.3 |
0.22 |
1,875,556 |
46.7% |
74.2 |
12.0% |
10.4% |
0.96 |
0.14 |
|
Terra Energy Corp |
TT |
TSX |
Energy |
42.7 |
0.42 |
148,442 |
104.9% |
101.7 |
10.9% |
14.6% |
0.43 |
0.15 |
|
Source Exploration Corp |
SOP |
TSXV |
Basic Materials |
7.7 |
0.12 |
301,368 |
500.0% |
63.9 |
10.7% |
14.0% |
0.15 |
0.01 |
Source: Bloomberg
Company Description:
ISIS Lab Corp (TSXV: LAB)
ISIS Lab Corporation operates as a social gaming software solutions provider. The company develops gaming and gambling software.
Integra Gold Corp (TSXV: ICG)
Integra Gold Corporation explores for gold and diamonds. The company operates on the Back Lake, Chapleau and Lamaque gold properties in Quebec, Ontario and the Northwest Territories in Canada; and the Wawa diamond property in Ontario.
Great Prairie Energy Services Inc (TSXV: GPE)
Great Prairie Energy Services Inc. is a capital pool company that seeks to acquire an operating company. The company seeks to complete a qualifying transaction with a company in the resources sector.
Blackbird Energy Inc (TSXV: BBI)
Blackbird Energy, Inc. is an oil and gas exploration company. The company acquires, develops, and explores oil and gas properties in North America and internationally.
Forent Energy Ltd (TSXV: FEN)
Forent Energy Ltd. is an oil and gas exploration and production company. The company conducts exploration activities in Nova Scotia and Alberta, Canada.
Theralase Technologies Inc (TSXV: TLT)
Theralase Technologies Inc. designs, develops, manufactures, and sells therapeutic medical laser equipment for the photo-dynamic medical therapy field. The company focuses on applications for pain management, musculo-skeletal arthritic, and rheumatoidal disorders, as well as for wound care and healing, including bone fractures.
Gowest Gold Ltd (TSXV: GWA)
Gowest Gold Ltd. explores for gold in Canada. The company operates on the Frankfield East gold deposit in the Timmins, Ontario gold camp.
NioCorp Developments Ltd (TSXV: NB)
NioCorp Developments Ltd. is developing the Elk Creek Carbonatite, a primary niobium deposit in the United States.
LX Ventures Inc (TSXV: LXV)
LX Ventures Inc. is a technology incubator that launches, integrates, and acquires early stage high growth technology companies. The company provides funding, resources, and mentorship by partnering with existing companies to assist with distribution and scaling or internally innovate from idea generation to launch and exit.
Terra Energy Corp (TSX: TT)
Terra Energy Corp. is a petroleum and natural gas company that conducts exploration, development, and production activities. The company has assets in British Columbia, Alberta, and Saskatchewan, all located in Canada.
Source Exploration Corp (TSXV: SOP)
Source Exploration Corp is involved in the exploration of mineral resource properties. The company’s current focus is silver exploration in the Republic of Mexico.
